Palumbo Wealth Management LLC Acquires 80 Shares of MSCI Inc. (NYSE:MSCI)

Palumbo Wealth Management LLC lifted its holdings in MSCI Inc. (NYSE:MSCIFree Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,656 shares of the technology company’s stock after acquiring an additional 80 shares during the quarter. Palumbo Wealth Management LLC’s holdings in MSCI were worth $937,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in MSCI during the third quarter valued at about $26,000. ORG Partners LLC grew its position in MSCI by 5,600.0% during the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after acquiring an additional 56 shares during the last quarter. Headinvest LLC purchased a new position in MSCI in the 3rd quarter worth approximately $30,000. Atlas Capital Advisors LLC purchased a new position in MSCI in the 1st quarter worth approximately $35,000. Finally, International Assets Investment Management LLC bought a new stake in MSCI in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSCI. Morgan Stanley raised shares of MSCI from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $526.00 to $600.00 in a research note on Wednesday, December 13th. Edward Jones assumed coverage on MSCI in a report on Friday, December 22nd. They issued a “buy” rating for the company. Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $620.00 to $470.00 in a research report on Tuesday, February 20th. Barclays lifted their price target on shares of MSCI from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Oppenheimer upped their price objective on shares of MSCI from $572.00 to $601.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $578.21.

Get Our Latest Analysis on MSCI

MSCI Price Performance

Shares of NYSE MSCI opened at $555.07 on Tuesday. MSCI Inc. has a 1 year low of $451.55 and a 1 year high of $617.39. The firm has a 50-day moving average of $566.20 and a 200 day moving average of $538.17. The stock has a market cap of $43.97 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06.

MSCI (NYSE:MSCIGet Free Report) last released its earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The firm had revenue of $690.11 million during the quarter, compared to analyst estimates of $662.64 million. During the same period last year, the business earned $2.84 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. Research analysts expect that MSCI Inc. will post 14.8 earnings per share for the current fiscal year.

MSCI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.15%. This is an increase from MSCI’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Thursday, February 15th. MSCI’s payout ratio is 44.44%.

MSCI Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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