Delta Investment Management LLC Takes Position in MSCI Inc. (NYSE:MSCI)

Delta Investment Management LLC purchased a new stake in MSCI Inc. (NYSE:MSCI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,594 shares of the technology company's stock, valued at approximately $2,213,000.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of MSCI in the 1st quarter worth approximately $26,000. Rothschild Investment LLC purchased a new position in shares of MSCI during the 2nd quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of MSCI in the first quarter valued at about $34,000. Ridgewood Investments LLC purchased a new position in MSCI in the 2nd quarter worth approximately $40,000. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of MSCI by 36.1% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company's stock worth $55,000 after acquiring an additional 26 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

Shares of NYSE MSCI traded up $5.02 during mid-day trading on Thursday, hitting $567.39. The stock had a trading volume of 404,215 shares, compared to its average volume of 556,531. The firm has a market cap of $44.63 billion, a PE ratio of 38.76, a PEG ratio of 2.98 and a beta of 1.11. The company has a 50 day moving average of $552.38 and a two-hundred day moving average of $521.91. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 143.09% and a net margin of 43.86%. 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 prior year, the company earned $3.26 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. Equities research analysts predict that MSCI Inc. will post 14.79 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, August 16th. MSCI's payout ratio is 43.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSCI shares. Morgan Stanley increased their target price on MSCI from $615.00 to $640.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on MSCI from $526.00 to $590.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Royal Bank of Canada restated an "outperform" rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, July 24th. Argus increased their price target on MSCI from $520.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $591.00.

MSCI 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.