Mizuho Securities USA LLC lowered its position in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,100 shares of the technology company's stock after selling 1,004 shares during the quarter. Mizuho Securities USA LLC's holdings in MSCI were worth $2,973,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in MSCI. Prime Capital Investment Advisors LLC increased its position in MSCI by 30.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company's stock valued at $329,000 after acquiring an additional 130 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of MSCI in the 2nd quarter valued at about $91,748,000. Grove Bank & Trust boosted its stake in shares of MSCI by 52.4% in the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company's stock valued at $2,203,000 after purchasing an additional 1,299 shares during the last quarter. LBP AM SA bought a new position in shares of MSCI in the 1st quarter valued at about $778,000. Finally, Cetera Advisors LLC boosted its stake in shares of MSCI by 207.9% in the 1st quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company's stock valued at $1,657,000 after purchasing an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an "equal weight" rating in a research note on Friday, October 11th. UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Finally, Morgan Stanley lifted their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $631.83.
Read Our Latest Research Report on MSCI
MSCI Trading Up 1.4 %
Shares of NYSE MSCI traded up $8.23 during midday trading on Friday, reaching $589.57. The company's stock had a trading volume of 437,014 shares, compared to its average volume of 630,993. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70. The stock has a market capitalization of $46.20 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 3.02 and a beta of 1.11. The stock has a 50 day simple moving average of $586.39 and a 200-day simple moving average of $541.49.
MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. During the same period last year, the company earned $3.45 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.
MSCI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.09%. MSCI's payout ratio is 42.02%.
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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