Victory Capital Management Inc. Has $30.71 Million Stake in MSCI Inc. (NYSE:MSCI)

Victory Capital Management Inc. cut its stake in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,679 shares of the technology company's stock after selling 2,300 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of MSCI worth $30,708,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Rothschild Investment LLC bought a new stake in shares of MSCI during the second quarter valued at approximately $26,000. HWG Holdings LP acquired a new stake in shares of MSCI in the 2nd quarter valued at $27,000. Crewe Advisors LLC bought a new stake in shares of MSCI during the first quarter worth $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI during the second quarter valued at $40,000. Finally, Ashton Thomas Securities LLC acquired a new stake in MSCI in the third quarter worth about $40,000. Institutional investors and hedge funds own 89.97% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of MSCI from $570.00 to $600.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Argus raised their price target on MSCI from $520.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, July 26th. UBS Group cut their price objective on MSCI from $695.00 to $680.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $690.00 price target on the stock. 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 research report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MSCI has an average rating of "Moderate Buy" and a consensus price target of $631.83.

MSCI Stock Down 1.8 %

Shares of NYSE:MSCI traded down $10.65 during trading on Friday, hitting $593.86. 525,037 shares of the company were exchanged, compared to its average volume of 546,098. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70. The company has a market capitalization of $46.54 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The business's 50 day moving average is $583.62 and its 200-day moving average is $537.85.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.45 earnings per share. As a group, sell-side analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, November 15th. MSCI's payout ratio is 42.02%.

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.