K.J. Harrison & Partners Inc Invests $1.39 Million in MSCI Inc $MSCI

K.J. Harrison & Partners Inc acquired a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,484 shares of the technology company’s stock, valued at approximately $1,391,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robertson Stephens Wealth Management LLC grew its position in shares of MSCI by 3.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock valued at $326,000 after buying an additional 17 shares during the last quarter. Allworth Financial LP lifted its stake in shares of 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 acquiring an additional 18 shares during the period. AdvisorShares Investments LLC lifted its stake in shares of MSCI by 2.5% in the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock worth $476,000 after acquiring an additional 20 shares during the period. Huntington National Bank boosted its holdings in MSCI by 1.9% in the fourth quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock valued at $616,000 after acquiring an additional 20 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in MSCI by 4.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company’s stock valued at $304,000 after acquiring an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MSCI Stock Performance

Shares of MSCI opened at $551.17 on Tuesday. The firm has a market cap of $40.07 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The business’s 50 day moving average price is $585.31 and its two-hundred day moving average price is $574.57.

MSCI (NYSE:MSCI) last released its quarterly earnings data 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 company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the prior year, the firm earned $4.17 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. Research analysts predict that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) 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.