Wrapmanager Inc. Acquires 228 Shares of MSCI Inc. (NYSE:MSCI)

Wrapmanager Inc. boosted its stake in shares of MSCI Inc. (NYSE:MSCI) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,716 shares of the technology company’s stock after purchasing an additional 228 shares during the quarter. Wrapmanager Inc.’s holdings in MSCI were worth $1,000,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC grew its position in MSCI by 30.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after buying an additional 130 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth approximately $91,748,000. Grove Bank & Trust grew its holdings in shares of MSCI by 52.4% during the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock worth $2,203,000 after purchasing an additional 1,299 shares in the last quarter. LBP AM SA bought a new stake in shares of MSCI during the first quarter valued at approximately $778,000. Finally, Cetera Advisors LLC raised its stake in shares of MSCI by 207.9% in the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after purchasing an additional 1,996 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Trading Down 0.1 %

Shares of NYSE MSCI opened at $593.12 on Tuesday. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The firm’s 50-day moving average is $584.32 and its 200-day moving average is $539.21. The firm has a market capitalization of $46.48 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued 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 net margin of 43.06% and a negative return on equity of 162.06%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.45 earnings per share. As a group, equities research analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSCI shares. The Goldman Sachs Group increased their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Argus increased their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays lifted their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price target on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $631.83.

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.