Harvest Fund Management Co. Ltd Grows Stock Holdings in MSCI Inc. (NYSE:MSCI)

Harvest Fund Management Co. Ltd raised its position in shares of MSCI Inc. (NYSE:MSCIFree Report) by 2,085.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153 shares of the technology company’s stock after buying an additional 146 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MSCI were worth $78,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. RB Capital Management LLC raised its position in shares of MSCI by 16.5% in the 1st quarter. RB Capital Management LLC now owns 1,276 shares of the technology company’s stock valued at $642,000 after purchasing an additional 181 shares during the last quarter. Markel Corp raised its position in shares of MSCI by 3.4% in the 1st quarter. Markel Corp now owns 141,700 shares of the technology company’s stock valued at $71,258,000 after purchasing an additional 4,700 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of MSCI by 42.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,237 shares of the technology company’s stock valued at $622,000 after purchasing an additional 367 shares during the last quarter. Cibc World Market Inc. raised its position in shares of MSCI by 6.0% in the 1st quarter. Cibc World Market Inc. now owns 1,831 shares of the technology company’s stock valued at $921,000 after purchasing an additional 104 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of MSCI in the 1st quarter valued at approximately $701,000. 88.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSCI has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $570.00 price objective on shares of MSCI in a research report on Wednesday, November 1st. Oppenheimer increased their price objective on shares of MSCI from $572.00 to $601.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Barclays decreased their price objective on shares of MSCI from $650.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Morgan Stanley raised shares of MSCI from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $526.00 to $600.00 in a research report on Wednesday, December 13th. Finally, StockNews.com raised shares of MSCI from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $568.29.

View Our Latest Research Report on MSCI

MSCI Price Performance

Shares of NYSE MSCI opened at $602.14 on Wednesday. The stock has a market capitalization of $47.62 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.62 and a beta of 1.12. MSCI Inc. has a 12 month low of $451.55 and a 12 month high of $617.39. The firm’s 50 day simple moving average is $543.27 and its 200-day simple moving average is $528.69.

MSCI (NYSE:MSCIGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The business had revenue of $690.11 million for the quarter, compared to analysts’ expectations of $662.64 million. MSCI had a net margin of 39.76% and a negative return on equity of 97.86%. The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $2.84 EPS. Analysts anticipate that MSCI Inc. will post 13.15 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Friday, February 16th will be paid a dividend of $1.60 per share. This is a boost from MSCI’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.06%. MSCI’s dividend payout ratio (DPR) is presently 46.00%.

MSCI Company Profile

(Free Report)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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