Sone Capital Management LLC Buys New Stake in MSCI Inc $MSCI

Sone Capital Management LLC purchased a new position in MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,278 shares of the technology company’s stock, valued at approximately $7,996,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Harvest Fund Management Co. Ltd bought a new stake in shares of MSCI in the 4th quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new position in shares of MSCI during the 4th quarter worth approximately $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the 2nd quarter worth approximately $34,000. SHP Wealth Management acquired a new stake in MSCI in the 4th quarter valued at $36,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in MSCI in the 2nd quarter valued at $36,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $570.96 on Tuesday. The firm has a market cap of $41.51 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm has a 50 day simple moving average of $581.51 and a 200 day simple moving average of $573.12.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) 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 net margin of 40.74% and a negative return on equity of 55.19%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $4.17 EPS. On average, sell-side analysts expect that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The firm also recently disclosed 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 is Friday, August 14th. MSCI’s dividend payout ratio is currently 44.86%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Rothschild & Co Redburn set a $690.00 price target on MSCI in a research report on Thursday, June 18th. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Bank of America boosted their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Barclays increased 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. Finally, Jefferies Financial Group started 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target 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.