OMERS ADMINISTRATION Corp Purchases New Holdings in MSCI Inc $MSCI

OMERS ADMINISTRATION Corp acquired a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 7,351 shares of the technology company’s stock, valued at approximately $4,117,000.

Several other large investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of MSCI by 7.6% in the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock worth $1,133,000 after acquiring an additional 142 shares during the last quarter. Woodline Partners LP raised its stake in MSCI by 39.0% in the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock valued at $3,724,000 after purchasing an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC raised its stake in MSCI by 20.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after purchasing an additional 182 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in MSCI by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock valued at $20,261,000 after purchasing an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in MSCI in the 2nd quarter valued at $88,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on MSCI. UBS Group set a $615.00 target price on shares of MSCI in a report on Wednesday, July 22nd. Raymond James Financial raised their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research note on Thursday, June 18th. Jefferies Financial Group began coverage on shares of MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 price target on the stock. Finally, Bank of America upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $709.50.

MSCI Stock Down 1.3%

Shares of MSCI opened at $564.08 on Wednesday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock has a fifty day simple moving average of $580.63 and a two-hundred day simple moving average of $573.08. The company has a market capitalization 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.

MSCI (NYSE:MSCI) last announced 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same period in the previous year, the firm posted $4.17 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 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.