Entropy Technologies LP raised its stake in MSCI Inc. (NYSE:MSCI - Free Report) by 50.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,790 shares of the technology company's stock after buying an additional 1,602 shares during the period. Entropy Technologies LP's holdings in MSCI were worth $2,792,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in shares of MSCI by 9.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 88,097 shares of the technology company's stock worth $49,307,000 after purchasing an additional 7,718 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in MSCI during the second quarter worth approximately $91,748,000. Grove Bank & Trust boosted its position in MSCI by 52.4% during the third quarter. Grove Bank & Trust now owns 3,779 shares of the technology company's stock worth $2,203,000 after acquiring an additional 1,299 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in MSCI by 313.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,456 shares of the technology company's stock worth $17,069,000 after acquiring an additional 23,097 shares during the last quarter. Finally, LBP AM SA acquired a new stake in MSCI during the first quarter worth approximately $778,000. 89.97% of the stock is owned by hedge funds and other institutional investors.
MSCI Stock Performance
Shares of MSCI stock traded up $5.39 during trading on Tuesday, reaching $602.64. The company had a trading volume of 387,068 shares, compared to its average volume of 543,086. The company has a market cap of $47.23 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The firm's fifty day moving average is $580.91 and its 200-day moving average is $534.64. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70.
MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 earnings per share. On average, research analysts anticipate that MSCI Inc. will post 14.98 EPS for the current fiscal 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.06%. MSCI's dividend payout ratio (DPR) is 42.02%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of MSCI from $526.00 to $590.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Evercore ISI began coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $690.00 price objective for the company. Redburn Atlantic raised shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price objective for the company in a research note 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, Wells Fargo & Company boosted their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $631.83.
View Our Latest Stock Report on MSCI
About MSCI
(
Free Report)
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.
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