Raymond James Financial Services Advisors Inc. Boosts Holdings in MSCI Inc. (NYSE:MSCI)

Posted by Defense World Staff on May 22nd, 2023

Raymond James Financial Services Advisors Inc. increased its stake in shares of MSCI Inc. (NYSE:MSCI – Get Rating) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,183 shares of the technology company’s stock after buying an additional 1,347 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in MSCI were worth $3,346,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSCI. BlackRock Inc. boosted its position in MSCI by 2.7% during the third quarter. BlackRock Inc. now owns 6,732,183 shares of the technology company’s stock worth $2,839,566,000 after purchasing an additional 176,893 shares during the period. State Street Corp boosted its position in MSCI by 0.8% during the third quarter. State Street Corp now owns 3,328,864 shares of the technology company’s stock worth $1,404,082,000 after purchasing an additional 25,088 shares during the period. Durable Capital Partners LP boosted its position in MSCI by 7.7% during the third quarter. Durable Capital Partners LP now owns 1,624,439 shares of the technology company’s stock worth $685,172,000 after purchasing an additional 116,521 shares during the period. Alliancebernstein L.P. boosted its position in MSCI by 89.2% during the third quarter. Alliancebernstein L.P. now owns 1,492,007 shares of the technology company’s stock worth $629,314,000 after purchasing an additional 703,580 shares during the period. Finally, Sustainable Growth Advisers LP boosted its position in MSCI by 1.1% during the third quarter. Sustainable Growth Advisers LP now owns 1,281,922 shares of the technology company’s stock worth $540,702,000 after purchasing an additional 13,721 shares during the period. Hedge funds and other institutional investors own 88.18% of the company’s stock.

MSCI Stock Down 0.5 %

Shares of MSCI opened at $469.84 on Monday. The company has a market cap of $37.62 billion, a PE ratio of 43.07 and a beta of 1.14. The business has a fifty day moving average of $514.76 and a 200 day moving average of $509.39. MSCI Inc. has a 52-week low of $379.63 and a 52-week high of $572.50.

MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, April 25th. The technology company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The business had revenue of $592.20 million for the quarter, compared to analyst estimates of $593.92 million. MSCI had a negative return on equity of 93.49% and a net margin of 38.62%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.98 earnings per share. As a group, research analysts anticipate that MSCI Inc. will post 12.92 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 12th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, May 11th. This represents a $5.52 annualized dividend and a dividend yield of 1.17%. MSCI’s dividend payout ratio is currently 50.60%.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of MSCI from $543.00 to $551.00 and gave the company an “equal weight” rating in a research report on Monday, March 27th. Wells Fargo & Company initiated coverage on shares of MSCI in a research report on Tuesday, May 9th. They issued an “overweight” rating and a $570.00 price objective for the company. StockNews.com began coverage on shares of MSCI in a research report on Thursday. They issued a “hold” rating for the company. Raymond James raised their target price on shares of MSCI from $549.00 to $574.00 and gave the company an “outperform” rating in a research note on Thursday, April 13th. Finally, SpectralCast reiterated a “maintains” rating on shares of MSCI in a research report on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $567.50.

About MSCI

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MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.