1,351 Shares in MSCI Inc $MSCI Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,351 shares of the technology company’s stock, valued at approximately $757,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in MSCI in the 4th quarter worth about $30,000. Elyxium Wealth LLC purchased a new position in MSCI in the 4th quarter worth about $34,000. Compound Global Advisors LLC purchased a new position in MSCI in the 2nd quarter worth about $34,000. Finally, SHP Wealth Management bought a new position in MSCI during the 4th quarter valued at about $36,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSCI. Jefferies Financial Group began coverage on shares of MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price objective for the company. Bank of America raised their target price on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays lifted their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Raymond James Financial raised their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $709.50.

MSCI Trading Up 0.5%

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 company has a market capitalization of $41.30 billion, a PE ratio of 31.08, a PEG ratio of 2.16 and a beta of 1.23. The firm’s 50 day simple moving average is $583.00 and its two-hundred day simple moving average is $573.62.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). The business had revenue of $867.00 million for 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 company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.17 EPS. Equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

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

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.