MSCI Inc. (NYSE:MSCI) Shares Acquired by First Trust Direct Indexing L.P.

Posted by Defense World Staff on Jul 16th, 2023

First Trust Direct Indexing L.P. grew its position in MSCI Inc. (NYSE:MSCI – Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,019 shares of the technology company’s stock after purchasing an additional 147 shares during the period. First Trust Direct Indexing L.P.’s holdings in MSCI were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MSCI. Accurate Wealth Management LLC acquired a new position in MSCI during the 4th quarter worth approximately $27,000. Elequin Securities LLC acquired a new position in MSCI during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in MSCI during the 4th quarter worth approximately $28,000. OLD Mission Capital LLC acquired a new position in MSCI during the 4th quarter worth approximately $29,000. Finally, Toth Financial Advisory Corp acquired a new position in MSCI during the 1st quarter worth approximately $31,000. 89.69% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Down 0.1 %

Shares of NYSE MSCI opened at $497.18 on Friday. MSCI Inc. has a twelve month low of $385.00 and a twelve month high of $572.50. The company has a market capitalization of $39.82 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The business has a 50 day simple moving average of $473.50 and a 200-day simple moving average of $505.30.

MSCI (NYSE:MSCI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The technology company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The firm had revenue of $592.20 million during the quarter, compared to the consensus estimate of $593.92 million. MSCI had a negative return on equity of 93.49% and a net margin of 38.62%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.98 EPS. As a group, equities analysts predict that MSCI Inc. will post 12.89 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Friday, May 12th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $5.52 dividend on an annualized basis and a yield of 1.11%. MSCI’s dividend payout ratio (DPR) is presently 50.60%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSCI. Deutsche Bank Aktiengesellschaft reduced their price target on MSCI from $560.00 to $522.00 in a research report on Wednesday, April 26th. Raymond James boosted their price target on MSCI from $570.00 to $574.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer upped their target price on MSCI from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, April 4th. Bank of America initiated coverage on MSCI in a research report on Thursday, June 15th. They issued an “underperform” rating on the stock. Finally, Wells Fargo & Company initiated coverage on MSCI in a research report on Tuesday, May 9th. They issued an “overweight” rating and a $570.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $562.00.

About MSCI

(Free Report)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.