Oak Ridge Investments LLC Sells 23 Shares of MSCI Inc. (NYSE:MSCI)

Oak Ridge Investments LLC decreased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,080 shares of the technology company’s stock after selling 23 shares during the quarter. Oak Ridge Investments LLC’s holdings in MSCI were worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Nordea Investment Management AB increased its position in shares of MSCI by 9.7% in the 1st quarter. Nordea Investment Management AB now owns 239,933 shares of the technology company’s stock valued at $134,475,000 after buying an additional 21,310 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of MSCI by 9.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 88,097 shares of the technology company’s stock valued at $49,307,000 after buying an additional 7,718 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter valued at $91,748,000. Grove Bank & Trust increased its position in shares of MSCI by 52.4% in the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after buying an additional 1,299 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of MSCI by 313.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,456 shares of the technology company’s stock valued at $17,069,000 after buying an additional 23,097 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

MSCI has been the subject of a number of recent analyst reports. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a research report on Wednesday, October 9th. Evercore ISI assumed coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. UBS Group reduced their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday. Argus upped their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $631.83.

MSCI Stock Performance

Shares of MSCI stock opened at $577.95 on Friday. The firm’s 50-day moving average is $580.21 and its 200-day moving average is $530.08. The stock has a market cap of $45.46 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.97 and a beta of 1.11. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. Sell-side analysts predict that MSCI Inc. will post 14.94 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.11%. MSCI’s dividend payout ratio is currently 42.02%.

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.