16,120 Shares in MSCI Inc. (NYSE:MSCI) Bought by Rathbones Group PLC

Rathbones Group PLC acquired a new stake in shares of MSCI Inc. (NYSE:MSCI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,120 shares of the technology company's stock, valued at approximately $7,766,000.

Several other large investors have also bought and sold shares of the stock. Nordea Investment Management AB increased its position in shares of MSCI by 9.7% during the 1st quarter. Nordea Investment Management AB now owns 239,933 shares of the technology company's stock valued at $134,475,000 after purchasing an additional 21,310 shares during the last quarter. Evoke Wealth LLC increased its position in shares of MSCI by 18.4% during the 4th quarter. Evoke Wealth LLC now owns 13,720 shares of the technology company's stock valued at $7,761,000 after purchasing an additional 2,135 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of MSCI during the 4th quarter valued at $959,000. Nomura Holdings Inc. purchased a new stake in shares of MSCI during the 4th quarter valued at $904,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of MSCI during the 4th quarter valued at $2,755,000. 89.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $638.00 price objective on shares of MSCI in a report on Wednesday, July 24th. UBS Group lifted their price objective on MSCI from $575.00 to $585.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Wells Fargo & Company raised MSCI to a "hold" rating in a report on Tuesday, August 13th. Barclays lifted their price objective on MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Morgan Stanley raised their target price on MSCI from $615.00 to $640.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Seven equities 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 presently has a consensus rating of "Moderate Buy" and an average price target of $591.00.

MSCI Price Performance

MSCI stock traded up $4.73 during trading hours on Monday, reaching $566.66. The company had a trading volume of 400,976 shares, compared to its average volume of 560,684. The company has a 50-day moving average price of $544.16 and a 200 day moving average price of $521.55. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $617.39.

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

MSCI Dividend Announcement

The firm also recently announced 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 was Friday, August 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.13%. MSCI's dividend payout ratio (DPR) is presently 43.69%.

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.