Magellan Asset Management Ltd Takes $9.74 Million Position in MSCI Inc $MSCI

Magellan Asset Management Ltd acquired a new stake in MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,396 shares of the technology company’s stock, valued at approximately $9,742,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in MSCI during the 2nd quarter valued at approximately $3,062,626,000. State Street Corp grew its holdings in shares of MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after buying an additional 39,450 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of MSCI by 15.1% during the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after buying an additional 361,630 shares during the last quarter. Morgan Stanley increased its position in shares of MSCI by 2.2% in the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after acquiring an additional 52,242 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock valued at $829,781,000 after acquiring an additional 168,405 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. Evercore set a $722.00 target price on MSCI in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, MSCI currently has an average rating of “Buy” and a consensus target price of $709.50.

MSCI Trading Up 0.1%

Shares of MSCI stock opened at $564.08 on Monday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The stock has a market cap of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. The stock has a 50 day moving average of $582.30 and a 200 day moving average of $573.19.

MSCI (NYSE:MSCI) last released 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the previous year, the firm posted $4.17 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.5%. MSCI’s payout ratio is 44.86%.

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.