MSCI Inc $MSCI Stock Holdings Lifted by Junto Capital Management LP

by · The Cerbat Gem

Junto Capital Management LP grew its stake in shares of MSCI Inc (NYSE:MSCI – Free Report) by 128.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 214,134 shares of the technology company’s stock after acquiring an additional 120,584 shares during the period. MSCI comprises about 2.1% of Junto Capital Management LP’s portfolio, making the stock its 11th largest holding. Junto Capital Management LP’s holdings in MSCI were worth $119,924,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System raised its position in shares of MSCI by 52,714.5% during the second quarter. California State Teachers Retirement System now owns 60,176,298 shares of the technology company’s stock worth $33,701,134,000 after purchasing an additional 60,062,359 shares during the period. BlackRock Inc. acquired a new position in shares of MSCI in the 2nd quarter valued at $3,062,626,000. Bamco Inc. NY purchased a new position in MSCI in the 2nd quarter worth about $1,798,710,000. Norges Bank purchased a new position in MSCI in the 4th quarter worth about $528,560,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in MSCI during the 2nd quarter worth about $480,613,000. 89.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on MSCI shares. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research note on Thursday, June 18th. Bank of America boosted their price target on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial upped their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, UBS Group set a $615.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, MSCI presently has an average rating of “Buy” and an average target price of $709.50.

View Our Latest Stock Analysis on MSCI

MSCI Trading Up 0.7%

Shares of MSCI stock opened at $555.30 on Thursday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The company has a market cap of $40.37 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.10 and a beta of 1.22. The stock has a 50-day moving average price of $579.03 and a 200 day moving average price of $575.42.

MSCI (NYSE:MSCI – Get Free Report) last released its 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). The business had revenue of $867.00 million for the quarter, compared to analysts’ expectations 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 firm earned $4.17 EPS. On average, equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

MSCI Profile

(Free Report)

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.

In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.

Further Reading

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