Everence Capital Management Inc. Purchases New Position in Msci Inc (MSCI)

Everence Capital Management Inc. purchased a new stake in Msci Inc (NYSE:MSCI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,797 shares of the technology company’s stock, valued at approximately $357,000.

Several other large investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its stake in shares of Msci by 12.3% during the first quarter. Valeo Financial Advisors LLC now owns 531 shares of the technology company’s stock valued at $106,000 after acquiring an additional 58 shares during the period. Keybank National Association OH increased its stake in shares of Msci by 5.9% during the fourth quarter. Keybank National Association OH now owns 1,502 shares of the technology company’s stock valued at $221,000 after acquiring an additional 84 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Msci by 0.4% during the first quarter. Eqis Capital Management Inc. now owns 21,074 shares of the technology company’s stock valued at $4,190,000 after acquiring an additional 87 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Msci by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 21,082 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 98 shares during the period. Finally, Utah Retirement Systems grew its position in Msci by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,189 shares of the technology company’s stock worth $2,386,000 after buying an additional 100 shares during the last quarter. Institutional investors own 94.14% of the company’s stock.

Msci stock opened at $224.81 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 6.80. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 41.03, a price-to-earnings-growth ratio of 3.58 and a beta of 1.19. Msci Inc has a 1 year low of $134.28 and a 1 year high of $230.43.

Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The firm had revenue of $371.38 million for the quarter, compared to analyst estimates of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Sell-side analysts predict that Msci Inc will post 6.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, May 16th. Msci’s dividend payout ratio is 43.36%.

Several research analysts have issued reports on MSCI shares. Buckingham Research started coverage on shares of Msci in a research report on Friday, January 25th. They issued a “neutral” rating and a $171.00 price target on the stock. Cantor Fitzgerald lifted their price target on shares of Msci to $188.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. UBS Group restated a “buy” rating and issued a $196.00 price target (up previously from $159.00) on shares of Msci in a research report on Friday, February 1st. BMO Capital Markets set a $190.00 price target on shares of Msci and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Zacks Investment Research upgraded shares of Msci from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research report on Tuesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Msci has a consensus rating of “Buy” and a consensus target price of $209.22.

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About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

See Also: Cost of Capital

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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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