Wealthfront Advisers LLC Acquires New Shares in MSCI Inc $MSCI

Wealthfront Advisers LLC bought a new position in MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,894 shares of the technology company’s stock, valued at approximately $4,421,000.

Other large investors have also recently bought and sold shares of the company. Alamar Capital Management LLC bought a new stake in shares of MSCI during the second quarter worth about $2,077,000. Meeder Advisory Services Inc. bought a new position in MSCI in the 2nd quarter valued at approximately $757,000. Citizens Financial Group Inc. RI acquired a new stake in MSCI during the 2nd quarter worth approximately $800,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in MSCI during the 2nd quarter worth approximately $8,118,000. Finally, K.J. Harrison & Partners Inc bought a new stake in MSCI during the 2nd quarter worth approximately $1,391,000. 89.97% of the stock is currently owned by institutional investors.

MSCI Price Performance

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 company has a 50-day moving average price of $583.00 and a 200-day moving average price of $573.62.

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

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given 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 1.4%. MSCI’s payout ratio is presently 44.86%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSCI. UBS Group set a $615.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Rothschild & Co Redburn set a $690.00 target price on MSCI in a report on Thursday, June 18th. Finally, Raymond James Financial raised their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI currently has a consensus rating of “Buy” and an average target price of $709.50.

MSCI Company 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.