Meeder Advisory Services Inc. Trims Stake in MSCI Inc. (NYSE:MSCI)

Meeder Advisory Services Inc. lowered its stake in shares of MSCI Inc. (NYSE:MSCI) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,785 shares of the technology company’s stock after selling 70 shares during the quarter. Meeder Advisory Services Inc.’s holdings in MSCI were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. TIAA Trust National Association bought a new position in MSCI during the 1st quarter worth approximately $212,000. Covestor Ltd lifted its holdings in MSCI by 388.9% in the 1st quarter. Covestor Ltd now owns 176 shares of the technology company’s stock worth $99,000 after buying an additional 140 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of MSCI by 6.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,721 shares of the technology company’s stock worth $8,250,000 after buying an additional 870 shares during the last quarter. Seven Eight Capital LP increased its position in MSCI by 52.9% during the 1st quarter. Seven Eight Capital LP now owns 1,159 shares of the technology company’s stock valued at $650,000 after purchasing an additional 401 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of MSCI by 0.5% during the first quarter. Clearbridge Investments LLC now owns 7,086 shares of the technology company’s stock valued at $3,971,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.1 %

MSCI stock opened at $593.12 on Tuesday. The stock’s 50 day simple moving average is $584.32 and its 200 day simple moving average is $539.21. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $631.70. The stock 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 released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same period last year, the firm posted $3.45 earnings per share. MSCI’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

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

Analyst Ratings Changes

MSCI has been the subject of a number of research analyst reports. Evercore ISI started coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Barclays boosted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. 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 note on Friday, July 26th. The Goldman Sachs Group boosted their price objective 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. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. Seven investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

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.