Wrapmanager Inc. Makes New $717,000 Investment in MSCI Inc. (NYSE:MSCI)

Wrapmanager Inc. bought a new stake in MSCI Inc. (NYSE:MSCI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,488 shares of the technology company's stock, valued at approximately $717,000.

Several other institutional investors have also recently added to or reduced their stakes in MSCI. Rise Advisors LLC acquired a new position in shares of MSCI in the first quarter worth $26,000. Rothschild Investment LLC acquired a new position in shares of MSCI in the second quarter worth $26,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the first quarter worth $34,000. American National Bank grew its stake in shares of MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company's stock worth $40,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of MSCI in the second quarter worth $40,000. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Trading Up 0.4 %

Shares of MSCI stock traded up $2.18 on Friday, reaching $561.93. 390,533 shares of the stock were exchanged, compared to its average volume of 561,524. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39. The business has a fifty day moving average price of $542.67 and a two-hundred day moving average price of $521.84. The firm has a market capitalization of $44.52 billion, a PE ratio of 38.36, a PEG ratio of 3.06 and a beta of 1.11.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The business had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. During the same period in the previous year, the business posted $3.26 earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. Research analysts expect that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.14%. MSCI's dividend payout ratio (DPR) is 43.69%.

Analyst Ratings Changes

Several research firms have recently issued reports on MSCI. Morgan Stanley lifted their price objective on shares of MSCI from $615.00 to $640.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Argus boosted their price target on shares of MSCI from $520.00 to $600.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, July 24th. Barclays boosted their price target on shares of MSCI from $650.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday. Finally, UBS Group boosted their price target on shares of MSCI from $575.00 to $585.00 and gave the company a "buy" rating in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $588.36.

MSCI Company 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.