Wellington Management Group LLP Decreases Stock Holdings in MSCI Inc $MSCI

Wellington Management Group LLP lowered its stake in MSCI Inc (NYSE:MSCI) by 8.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 507,299 shares of the technology company’s stock after selling 48,060 shares during the quarter. Wellington Management Group LLP’s holdings in MSCI were worth $284,108,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Lombard Odier Asset Management Europe Ltd purchased a new position in MSCI during the second quarter valued at $15,570,000. Beacon Pointe Advisors LLC purchased a new stake in shares of MSCI during the second quarter worth about $1,539,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of MSCI during the second quarter worth about $68,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of MSCI during the 2nd quarter worth about $348,000. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of MSCI during the second quarter worth $6,596,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group set a $615.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Jefferies Financial Group assumed coverage on shares of MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 price objective for the company. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a report on Thursday, June 18th. Wells Fargo & Company decreased their target price 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. Finally, Bank of America boosted their target price on MSCI from $715.00 to $730.00 and gave the stock a “buy” 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’s stock. Based on data from MarketBeat.com, MSCI presently has a consensus rating of “Buy” and a consensus target price of $709.50.

MSCI Trading Up 0.1%

Shares of MSCI stock opened at $571.20 on Monday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The company’s 50-day moving average price is $579.52 and its 200-day moving average price is $573.23. The stock has a market cap of $41.53 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.18 and a beta of 1.23.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same period last year, the firm earned $4.17 earnings per share. MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $2.05 per share. The ex-dividend date was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

MSCI 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.