Bristol Gate Capital Partners Inc. Buys Shares of 99,434 MSCI Inc $MSCI

Bristol Gate Capital Partners Inc. purchased a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 99,434 shares of the technology company’s stock, valued at approximately $55,688,000. MSCI comprises approximately 3.9% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 22nd largest position. Bristol Gate Capital Partners Inc. owned 0.14% of MSCI at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC acquired a new position in MSCI in the second quarter valued at about $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of MSCI during the 4th quarter worth about $30,000. Elyxium Wealth LLC acquired a new position in shares of MSCI during the 4th quarter worth about $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter valued at about $34,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in shares of MSCI in the 2nd quarter valued at about $36,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSCI has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Evercore set a $722.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. Barclays increased 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. Morgan Stanley reissued an “overweight” rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group assumed coverage on shares of MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Trading Down 1.3%

MSCI stock opened at $564.08 on Wednesday. The stock has a market cap of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The stock has a 50-day moving average price of $580.63 and a two-hundred day moving average price of $573.08. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77.

MSCI (NYSE:MSCI) last posted its quarterly earnings data 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 firm had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.17 earnings per share. On average, analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI’s dividend payout ratio is 44.86%.

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.