MidFirst Bank Acquires New Holdings in MSCI Inc $MSCI

MidFirst Bank bought a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,421 shares of the technology company’s stock, valued at approximately $796,000.

Several other hedge funds also recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC increased its position 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 acquiring an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of MSCI in the 4th quarter worth approximately $30,000. Elyxium Wealth LLC acquired a new position in shares of MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC purchased a new position in shares of MSCI during the 2nd quarter worth approximately $34,000. Finally, SHP Wealth Management purchased a new position in shares of MSCI during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

MSCI has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 target price on shares of MSCI in a research report on Wednesday, April 22nd. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Evercore set a $722.00 price objective on MSCI in a research note on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a report on Thursday, June 18th. Finally, Wells Fargo & Company decreased their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $709.50.

MSCI Stock Performance

Shares of MSCI stock opened at $551.17 on Tuesday. The stock has a market capitalization of $40.07 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a 50 day moving average price of $585.31 and a 200 day moving average price of $574.57. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same quarter last year, the company earned $4.17 earnings per share. MSCI’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that MSCI Inc will post 19.61 EPS 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 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 dividend payout ratio is presently 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.