Kirtland Hills Capital Management LLC Purchases New Holdings in MSCI Inc $MSCI

Kirtland Hills Capital Management LLC acquired a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,470 shares of the technology company’s stock, valued at approximately $3,063,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of MSCI during the 2nd quarter worth $3,062,626,000. State Street Corp grew 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 increased its holdings in MSCI by 15.1% during the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock worth $1,581,055,000 after buying an additional 361,630 shares during the last quarter. Morgan Stanley increased its holdings in MSCI by 2.2% during the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after buying an additional 52,242 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake 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 acquiring an additional 168,405 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Down 0.8%

NYSE MSCI opened at $564.08 on Friday. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The company’s 50 day moving average is $582.30 and its 200-day moving average is $573.55. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share 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 quarter in the prior year, the firm posted $4.17 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts expect that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. UBS Group set a $615.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Weiss Ratings downgraded MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Evercore set a $722.00 price objective on MSCI in a report on Wednesday, July 22nd. Jefferies Financial Group assumed coverage on MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 target price for the company. Finally, Barclays boosted their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $709.50.

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.