Xponance Inc. Raises Stock Position in MSCI Inc. (NYSE:MSCI)

Xponance Inc. lifted its position in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 29.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,384 shares of the technology company's stock after buying an additional 4,890 shares during the period. Xponance Inc.'s holdings in MSCI were worth $10,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in MSCI in the 1st quarter valued at approximately $26,000. Rothschild Investment LLC purchased a new position in MSCI in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in MSCI in the 1st quarter valued at approximately $34,000. Ridgewood Investments LLC purchased a new position in MSCI in the 2nd quarter valued at approximately $40,000. Finally, Carolinas Wealth Consulting LLC boosted its position in MSCI by 36.1% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company's stock valued at $55,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays raised 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, September 13th. UBS Group lifted their price objective on shares of MSCI from $575.00 to $585.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. 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. Finally, The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI has a consensus rating of "Moderate Buy" and a consensus price target of $591.00.

MSCI Stock Up 0.1 %

MSCI traded up $0.59 on Tuesday, reaching $560.75. The company had a trading volume of 422,681 shares, compared to its average volume of 558,385. The stock has a market capitalization of $44.42 billion, a PE ratio of 38.24, a P/E/G ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39. The stock has a 50-day moving average price of $550.16 and a 200-day moving average price of $521.56.

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

About MSCI

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.