MSCI Inc. (NYSE:MSCI) Position Boosted by Quarry LP

Quarry LP grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 20.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 527 shares of the technology company’s stock after purchasing an additional 90 shares during the period. Quarry LP’s holdings in MSCI were worth $307,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MSCI. Frank Rimerman Advisors LLC boosted its holdings in shares of MSCI by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after buying an additional 17 shares during the period. Conning Inc. boosted its holdings in shares of MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after buying an additional 19 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after buying an additional 20 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after buying an additional 20 shares during the period. Finally, Planning Capital Management Corp boosted its holdings in shares of MSCI by 35.1% in 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 own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MSCI. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI initiated coverage on shares of MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a report on Wednesday, October 9th. Finally, Barclays raised their price target on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $631.83.

MSCI Stock Down 1.0 %

NYSE:MSCI opened at $609.78 on Friday. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The firm has a market cap of $47.79 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 3.16 and a beta of 1.10. The company’s 50 day moving average is $594.87 and its 200-day moving average is $548.99.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating 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 company had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. During the same quarter last year, the firm posted $3.45 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts predict that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio 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.