CreativeOne Wealth LLC boosted its position in MSCI Inc. (NYSE:MSCI – Get Rating) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,322 shares of the technology company’s stock after acquiring an additional 192 shares during the quarter. CreativeOne Wealth LLC’s holdings in MSCI were worth $1,401,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in MSCI by 2.7% in the third quarter. BlackRock Inc. now owns 6,732,183 shares of the technology company’s stock valued at $2,839,566,000 after purchasing an additional 176,893 shares during the last quarter. Bishop Rock Capital L.P. increased its stake in MSCI by 18,898.0% in the second quarter. Bishop Rock Capital L.P. now owns 3,918,722 shares of the technology company’s stock valued at $9,508,000 after purchasing an additional 3,898,095 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in MSCI by 128.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,412,649 shares of the technology company’s stock valued at $1,406,523,000 after purchasing an additional 1,918,640 shares during the last quarter. State Street Corp increased its stake in MSCI by 0.8% in the third quarter. State Street Corp now owns 3,328,864 shares of the technology company’s stock valued at $1,404,082,000 after purchasing an additional 25,088 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in MSCI by 6.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,095,848 shares of the technology company’s stock valued at $1,275,954,000 after purchasing an additional 183,590 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.
Analyst Upgrades and Downgrades
MSCI has been the topic of a number of research reports. Oppenheimer raised their target price on shares of MSCI from $510.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Barclays raised their target price on shares of MSCI from $470.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Raymond James raised their target price on shares of MSCI from $539.00 to $549.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. JPMorgan Chase & Co. raised their target price on shares of MSCI from $580.00 to $585.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Finally, Royal Bank of Canada raised their target price on shares of MSCI from $520.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $558.10.
Insider Transactions at MSCI
MSCI Stock Performance
MSCI stock opened at $548.25 on Wednesday. MSCI Inc. has a one year low of $376.41 and a one year high of $572.50. The business has a fifty day moving average of $525.78 and a two-hundred day moving average of $484.34. The company has a market cap of $43.84 billion, a P/E ratio of 51.14 and a beta of 1.13.
MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, January 31st. The technology company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.13. MSCI had a negative return on equity of 93.24% and a net margin of 38.72%. The company had revenue of $576.20 million during the quarter, compared to the consensus estimate of $568.53 million. During the same quarter last year, the company earned $2.51 earnings per share. MSCI’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that MSCI Inc. will post 12.8 EPS for the current year.
MSCI Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 17th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 16th. This is an increase from MSCI’s previous quarterly dividend of $1.25. MSCI’s payout ratio is 51.49%.
MSCI Company Profile
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.
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