Heron Bay Capital Management Takes $14.69 Million Position in MSCI Inc $MSCI

Heron Bay Capital Management acquired a new stake in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 26,226 shares of the technology company’s stock, valued at approximately $14,688,000. MSCI comprises approximately 1.3% of Heron Bay Capital Management’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSCI. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of MSCI by 341.7% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of MSCI in the fourth quarter worth $30,000. Elyxium Wealth LLC bought a new stake in MSCI during the fourth quarter valued at $34,000. Compound Global Advisors LLC bought a new stake in MSCI during the second quarter valued at $34,000. Finally, SHP Wealth Management purchased a new position in MSCI during the fourth quarter worth about $36,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSCI shares. JPMorgan Chase & Co. upped their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and set a $700.00 price objective on shares of MSCI in a report on Tuesday, July 21st. Raymond James Financial upped their price objective on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. UBS Group set a $615.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. Finally, Evercore set a $722.00 target price on shares of MSCI in a research 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, MSCI has an average rating of “Buy” and an average price target of $709.50.

MSCI Stock Down 0.8%

Shares of MSCI stock opened at $564.08 on Friday. The business has a 50-day moving average price of $582.30 and a two-hundred day moving average price of $573.55. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.

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

MSCI Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s dividend payout ratio (DPR) is 44.86%.

MSCI Profile

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.