Strategic Global Advisors LLC Acquires Shares of 22,707 MSCI Inc $MSCI

Strategic Global Advisors LLC acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,707 shares of the technology company’s stock, valued at approximately $12,717,000. MSCI comprises about 1.8% of Strategic Global Advisors LLC’s portfolio, making the stock its 12th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in MSCI in the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI in the 4th quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in shares of MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI in the second quarter valued at approximately $34,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of MSCI in the second quarter valued at approximately $36,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE:MSCI opened at $564.39 on Thursday. The business has a fifty day simple moving average of $579.99 and a two-hundred day simple moving average of $573.07. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The company has a market capitalization of $41.03 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS 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 for the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the prior year, the company earned $4.17 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

Analysts Set New Price Targets

A number of analysts recently commented on MSCI shares. Barclays lifted their price target on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Jefferies Financial Group initiated coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. UBS Group set a $615.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $709.50.

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.