Los Angeles Capital Management LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 17.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,710 shares of the technology company's stock after buying an additional 29,444 shares during the quarter. Los Angeles Capital Management LLC owned 0.25% of MSCI worth $116,417,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Rothschild Investment LLC bought a new position in MSCI in the second quarter worth approximately $26,000. HWG Holdings LP bought a new position in MSCI in the second quarter worth approximately $27,000. Crewe Advisors LLC bought a new position in MSCI in the first quarter worth approximately $34,000. Ridgewood Investments LLC bought a new position in MSCI in the second quarter worth approximately $40,000. Finally, American National Bank & Trust bought a new position in MSCI in the third quarter worth approximately $58,000. Institutional investors own 89.97% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on MSCI shares. Redburn Atlantic raised MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price objective on the stock in a research note on Wednesday, October 9th. Evercore ISI began coverage on MSCI in a report on Wednesday, October 2nd. They set an "outperform" rating and a $690.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. UBS Group lowered their target price on MSCI from $695.00 to $680.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Barclays upped their target price on MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, MSCI currently has a consensus rating of "Moderate Buy" and a consensus target price of $631.83.
Read Our Latest Stock Report on MSCI
MSCI Stock Performance
NYSE MSCI traded up $18.34 during trading on Friday, reaching $594.00. 781,469 shares of the company's stock were exchanged, compared to its average volume of 486,596. The stock has a market cap of $46.55 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The company has a 50 day moving average price of $580.58 and a two-hundred day moving average price of $533.23. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70.
MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 EPS. Research analysts forecast that MSCI Inc. will post 14.98 EPS for the current fiscal year.
MSCI Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, November 15th. 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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