VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 75,420 MSCI Inc $MSCI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of MSCI Inc (NYSE:MSCI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,420 shares of the technology company’s stock, valued at approximately $42,238,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of MSCI at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. California State Teachers Retirement System lifted its position in shares of MSCI by 52,714.5% during the 2nd quarter. California State Teachers Retirement System now owns 60,176,298 shares of the technology company’s stock worth $33,701,134,000 after buying an additional 60,062,359 shares during the last quarter. BlackRock Inc. purchased a new position in shares of MSCI in the 2nd quarter valued at $3,062,626,000. Bamco Inc. NY acquired a new stake in MSCI during the 2nd quarter worth $1,798,710,000. Norges Bank acquired a new stake in MSCI during the 4th quarter worth $528,560,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in MSCI in the second quarter valued at $480,613,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock opened at $572.27 on Monday. 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 $41.60 billion, a P/E ratio of 31.31, a PEG ratio of 2.19 and a beta of 1.22. The company’s fifty day moving average is $579.52 and its two-hundred day moving average is $574.92.

MSCI (NYSE:MSCI) last announced its 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 business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the previous year, the company posted $4.17 earnings per share. MSCI’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is currently 44.86%.

MSCI News Summary

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Director Rajat Taneja significantly increased his MSCI stake on September 4. The insider purchase may signal confidence in the company’s long-term outlook and provide modest support for investor sentiment. Prominent MSCI Insider Makes Bold Move With Fresh Stock Purchase
• Positive Sentiment: MSCI’s Asia-Pacific equity index rose as easing expectations for Federal Reserve policy helped lift global equities. A more favorable market environment can support demand for MSCI’s benchmarks, analytics and investment products, although this is an indirect benefit. Global Market Today: Asian Stocks Rise as Fed Rate-Hike Bets Ease
• Neutral Sentiment: MSCI will participate in Barclays’ Annual Global Financial Services Conference on September 14, with CFO Andy Wiechmann scheduled for a fireside chat. The event could provide updates on strategy, demand and financial performance, but no new guidance was announced. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Neutral Sentiment: Several reports focus on MSCI removing India-based Swiggy from its Global Standard and related indexes effective September 7 because of foreign-ownership restrictions. The change may cause passive-fund flows in Swiggy, but it is a routine index decision and is not expected to materially affect MSCI’s own revenue or earnings. Swiggy Shares in Focus as MSCI Removes Stock From Global Standard Indexes

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSCI shares. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Wells Fargo & Company cut their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Bank of America boosted their target price on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Evercore set a $722.00 target price on MSCI in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group began coverage on MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.