Trillium Asset Management LLC Invests $6 Million in MSCI Inc $MSCI

Trillium Asset Management LLC bought a new position in shares of MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 10,710 shares of the technology company’s stock, valued at approximately $5,998,000.

Several other institutional investors have also recently added to or reduced their stakes in MSCI. Robertson Stephens Wealth Management LLC grew its stake in MSCI by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock worth $326,000 after buying an additional 17 shares during the last quarter. Allworth Financial LP raised its stake in shares of MSCI by 1.7% in the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock valued at $616,000 after acquiring an additional 18 shares during the last quarter. AdvisorShares Investments LLC raised its stake in shares of MSCI by 2.5% in the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock valued at $476,000 after acquiring an additional 20 shares during the last quarter. Huntington National Bank boosted its holdings in shares of MSCI by 1.9% in the 4th quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock worth $616,000 after acquiring an additional 20 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in MSCI by 4.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company’s stock worth $304,000 after acquiring an additional 21 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MSCI. Evercore set a $722.00 price target on MSCI in a report on Wednesday, July 22nd. UBS Group set a $615.00 price objective on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group initiated coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 target price on the stock. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, MSCI has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Trading Up 0.5%

Shares of NYSE:MSCI opened at $568.09 on Friday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The stock has a market capitalization of $41.30 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.16 and a beta of 1.23. The business has a 50-day moving average price of $583.00 and a two-hundred day moving average price of $573.62.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period last year, the business posted $4.17 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The firm 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 $2.05 dividend. 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 1.4%. MSCI’s dividend payout ratio (DPR) is presently 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.