Public Sector Pension Investment Board Has $6.45 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Public Sector Pension Investment Board increased its position in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,389 shares of the technology company's stock after acquiring an additional 981 shares during the quarter. Public Sector Pension Investment Board's holdings in MSCI were worth $6,450,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of MSCI by 74.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company's stock worth $701,522,000 after purchasing an additional 623,712 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in MSCI by 129.4% during the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company's stock worth $352,153,000 after buying an additional 412,389 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of MSCI by 3,600.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 253,636 shares of the technology company's stock valued at $143,469,000 after acquiring an additional 246,781 shares during the last quarter. Findlay Park Partners LLP acquired a new stake in shares of MSCI in the 1st quarter valued at approximately $114,836,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at approximately $91,748,000. Institutional investors and hedge funds own 89.97% of the company's stock.

Analyst Ratings Changes

MSCI has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of MSCI from $615.00 to $640.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Barclays increased their price target on MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Argus lifted their price objective on MSCI from $520.00 to $600.00 and gave the company a "buy" rating in a report on Friday, July 26th. Royal Bank of Canada reissued an "outperform" rating and set a $638.00 target price on shares of MSCI in a research note on Wednesday, July 24th. Finally, UBS Group upped their price target on shares of MSCI from $575.00 to $585.00 and gave the company a "buy" rating in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $591.00.

MSCI Stock Performance

Shares of MSCI stock traded up $1.62 during trading on Wednesday, reaching $562.37. 342,746 shares of the company's stock were exchanged, compared to its average volume of 557,443. The firm's 50-day moving average price is $551.21 and its 200 day moving average price is $521.62. The company has a market cap of $44.23 billion, a P/E ratio of 38.39, a PEG ratio of 2.98 and a beta of 1.11. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating 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 firm had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. During the same quarter last year, the business posted $3.26 earnings per share. The company's quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts predict that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a yield of 1.14%. 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.