Point72 Asia Singapore Pte. Ltd. Invests $641,000 in MSCI Inc. (NYSE:MSCI)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MSCI Inc. (NYSE:MSCI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,099 shares of the technology company’s stock, valued at approximately $641,000.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of MSCI during the second quarter worth about $26,000. HWG Holdings LP acquired a new stake in shares of MSCI during the second quarter worth about $27,000. True Wealth Design LLC acquired a new stake in shares of MSCI during the third quarter worth about $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of MSCI during the third quarter worth about $40,000. Finally, Planning Capital Management Corp boosted its stake in shares of MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. 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. Morgan Stanley raised their price objective on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI assumed coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective 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. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Trading Up 0.8 %

MSCI stock opened at $609.63 on Monday. The firm has a 50 day moving average of $591.03 and a 200-day moving average of $546.58. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $631.70. The company has a market cap of $47.78 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 3.17 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same period last year, the company posted $3.45 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. MSCI’s dividend payout ratio (DPR) is 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.