E Fund Management Co. Ltd. Acquires Shares of 964 MSCI Inc $MSCI

E Fund Management Co. Ltd. bought a new position in MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 964 shares of the technology company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in MSCI in the 4th quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new position in MSCI in the 4th quarter valued at approximately $34,000. Compound Global Advisors LLC purchased a new stake in MSCI during the 2nd quarter valued at $34,000. Finally, SHP Wealth Management bought a new stake in shares of MSCI in the 4th quarter worth $36,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $568.09 on Friday. The stock has a market capitalization of $41.30 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.16 and a beta of 1.23. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The business’s fifty day moving average price is $583.00 and its 200-day moving average price is $573.62.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.17 EPS. Equities research analysts anticipate that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is currently 44.86%.

Wall Street Analyst Weigh In

MSCI has been the subject of several recent analyst reports. Raymond James Financial boosted their price target on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a report on Thursday, June 18th. Morgan Stanley reissued an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research report on Tuesday, July 21st. Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company dropped their price target on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, MSCI currently has an average rating of “Buy” and an average price target of $709.50.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.