Cumberland Partners Ltd Invests $1.46 Million in MSCI Inc. (NYSE:MSCI)

Cumberland Partners Ltd acquired a new position in shares of MSCI Inc. (NYSE:MSCI - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,500 shares of the technology company's stock, valued at approximately $1,457,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of MSCI by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company's stock worth $4,886,777,000 after buying an additional 36,043 shares during the period. Capital International Investors raised its stake in shares of MSCI by 0.5% in the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company's stock valued at $972,111,000 after acquiring an additional 9,304 shares during the period. Principal Financial Group Inc. grew its stake in MSCI by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company's stock valued at $870,627,000 after purchasing an additional 37,340 shares in the last quarter. American Century Companies Inc. lifted its position in shares of MSCI by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company's stock worth $504,855,000 after buying an additional 13,620 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its position in shares of MSCI by 129.4% during the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company's stock worth $352,153,000 after buying an additional 412,389 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSCI shares. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $690.00 target price on the stock. Barclays raised their price target on shares of MSCI from $650.00 to $700.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Redburn Atlantic raised shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price target on the stock in a research report on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of MSCI from $640.00 to $662.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $631.83.

MSCI Trading Up 0.9 %

NYSE:MSCI traded up $5.39 on Tuesday, hitting $602.64. The company's stock had a trading volume of 387,068 shares, compared to its average volume of 543,086. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70. The firm has a market capitalization of $47.23 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The stock has a fifty day moving average of $580.91 and a two-hundred day moving average of $534.64.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.45 EPS. As a group, sell-side analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, November 15th. MSCI's payout ratio is currently 42.02%.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.