ExodusPoint Capital Management LP Purchases Shares of 33,388 MSCI Inc. (NYSE:MSCI)

ExodusPoint Capital Management LP purchased a new stake in shares of MSCI Inc. (NYSE:MSCI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,388 shares of the technology company’s stock, valued at approximately $15,669,000.

Several other institutional investors have also recently made changes to their positions in MSCI. RB Capital Management LLC raised its holdings in shares of MSCI by 16.5% during the first 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 period. Markel Corp raised its holdings in shares of MSCI by 3.4% in the 1st quarter. Markel Corp now owns 141,700 shares of the technology company’s stock worth $71,258,000 after acquiring an additional 4,700 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings 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 worth $622,000 after acquiring an additional 367 shares during the last quarter. Cibc World Market Inc. raised its holdings 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 worth $921,000 after acquiring an additional 104 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of MSCI in the 1st quarter worth about $701,000. Institutional investors and hedge funds own 88.61% of the company’s stock.

MSCI Trading Up 0.2 %

MSCI opened at $522.21 on Tuesday. The company has a 50 day moving average of $508.57 and a 200 day moving average of $503.76. The company has a market cap of $41.30 billion, a PE ratio of 43.52, a price-to-earnings-growth ratio of 2.84 and a beta of 1.11. MSCI Inc. has a 12 month low of $450.00 and a 12 month high of $572.50.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 31st. The technology company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.32 by $0.13. The company had revenue of $625.40 million during the quarter, compared to the consensus estimate of $625.67 million. MSCI had a net margin of 39.76% and a negative return on equity of 97.86%. MSCI’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. Research analysts forecast that MSCI Inc. will post 13.19 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 8th. MSCI’s dividend payout ratio (DPR) is presently 46.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on MSCI. Redburn Partners restated a “neutral” rating and issued a $554.00 target price on shares of MSCI in a report on Thursday, September 14th. Argus started coverage on shares of MSCI in a research report on Tuesday, September 19th. They issued a “buy” rating and a $580.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of MSCI from $610.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Morgan Stanley reduced their price objective on shares of MSCI from $532.00 to $526.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $563.86.

About MSCI

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.