ING Groep NV purchased a new position in MSCI Inc. (NYSE:MSCI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,964 shares of the technology company's stock, valued at approximately $2,311,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Frank Rimerman Advisors LLC boosted its position in shares of MSCI by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company's stock valued at $1,147,000 after buying an additional 17 shares during the last quarter. Conning Inc. increased its stake in shares of MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company's stock worth $231,000 after purchasing an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of MSCI by 3.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company's stock valued at $261,000 after buying an additional 20 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company's stock worth $204,000 after buying an additional 20 shares during the period. Finally, Planning Capital Management Corp increased its stake in MSCI by 35.1% in the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company's stock worth $45,000 after buying an additional 20 shares in the last quarter. Institutional investors own 89.97% of the company's stock.
MSCI Price Performance
MSCI stock traded down $10.65 during mid-day trading on Friday, reaching $593.86. The company had a trading volume of 525,037 shares, compared to its average volume of 546,098. The firm has a 50 day moving average of $583.62 and a 200 day moving average of $537.85. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The company has a market capitalization of $46.54 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11.
MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The business's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.45 EPS. Analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.
MSCI Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.08%. MSCI's dividend payout ratio is currently 42.02%.
Analyst Ratings Changes
MSCI has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Redburn Atlantic upgraded shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on MSCI from $640.00 to $662.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $631.83.
Check Out Our Latest Stock Analysis on MSCI
MSCI Company Profile
(
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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