Danske Bank A S Purchases Shares of 39,161 MSCI Inc $MSCI

Danske Bank A S purchased a new position in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,161 shares of the technology company’s stock, valued at approximately $21,932,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSCI. BlackRock Inc. purchased a new position in MSCI in the 2nd quarter worth $3,062,626,000. State Street Corp boosted its position in MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after buying an additional 39,450 shares during the period. Bamco Inc. NY grew its stake in shares of MSCI by 15.1% during the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after buying an additional 361,630 shares during the last quarter. Morgan Stanley grew its position in MSCI by 2.2% during the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after acquiring an additional 52,242 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in MSCI by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock valued at $829,781,000 after purchasing an additional 168,405 shares during the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Jefferies Financial Group initiated coverage on shares of MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price target for the company. Wells Fargo & Company cut their price target on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Raymond James Financial upped their price objective on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, MSCI currently has an average rating of “Buy” and an average price target of $709.50.

MSCI Stock Performance

MSCI opened at $568.09 on Friday. The stock has a market capitalization of $41.30 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The stock’s 50 day moving average price is $583.00 and its 200-day moving average price is $573.62. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77.

MSCI (NYSE:MSCI) last announced 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). The business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.17 EPS. Research analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

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

MSCI 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.