Sone Capital Management LLC Invests $8 Million in MSCI Inc $MSCI

Sone Capital Management LLC acquired a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, Holdings Channel reports. The institutional investor acquired 14,278 shares of the technology company’s stock, valued at approximately $7,996,000.

Several other hedge funds have also recently added to or reduced their stakes in MSCI. BlackRock Inc. bought a new position in MSCI during the 2nd quarter worth approximately $3,062,626,000. Norges Bank bought a new stake in shares of MSCI in the fourth quarter worth about $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of MSCI during the second quarter worth about $480,613,000. Generation Investment Management LLP bought a new position in shares of MSCI during the 2nd quarter valued at about $301,493,000. Finally, Bank of New York Mellon Corp bought a new position in shares of MSCI during the 2nd quarter valued at about $234,905,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. 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. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research report on Thursday, June 18th. Finally, Barclays raised their price objective on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Up 1.3%

NYSE MSCI opened at $570.96 on Tuesday. The firm’s 50 day moving average is $581.51 and its 200-day moving average is $573.12. The company has a market capitalization of $41.51 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company posted $4.17 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts expect that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $2.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. 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.