Canandaigua National Bank & Trust Co. Acquires Shares of 1,395 MSCI Inc $MSCI

Canandaigua National Bank & Trust Co. acquired a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,395 shares of the technology company’s stock, valued at approximately $781,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in shares of MSCI by 4.7% in the 4th quarter. Venturi Wealth Management LLC now owns 375 shares of the technology company’s stock valued at $215,000 after acquiring an additional 17 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its stake in MSCI by 3.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock valued at $326,000 after purchasing an additional 17 shares in the last quarter. Allworth Financial LP raised its holdings in MSCI by 1.7% in the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock worth $616,000 after purchasing an additional 18 shares during the period. AdvisorShares Investments LLC boosted its position in shares of MSCI by 2.5% during the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock worth $476,000 after purchasing an additional 20 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of MSCI by 1.9% in the 4th quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock valued at $616,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI opened at $571.40 on Thursday. The firm has a 50-day moving average of $594.74 and a 200-day moving average of $576.12. MSCI Inc has a one year low of $501.08 and a one year high of $644.77. The company has a market cap of $41.54 billion, a PE ratio of 31.26, 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 (EPS) 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 business had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same period in the prior year, the business earned $4.17 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. MSCI’s payout ratio is presently 44.86%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSCI. UBS Group set a $615.00 target price on MSCI in a report on Wednesday, July 22nd. Bank of America lifted their price objective on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Morgan Stanley reissued an “overweight” rating and set a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company cut their price target on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $709.50.

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.