Kingfisher Capital LLC Sells 287 Shares of MSCI Inc. (NYSE:MSCI)

Kingfisher Capital LLC lessened its stake in shares of MSCI Inc. (NYSE:MSCI) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,170 shares of the technology company’s stock after selling 287 shares during the quarter. Kingfisher Capital LLC’s holdings in MSCI were worth $3,014,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its stake in MSCI by 30.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock valued at $329,000 after purchasing an additional 130 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in MSCI during the second quarter worth $91,748,000. Grove Bank & Trust raised its position in MSCI by 52.4% in the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after buying an additional 1,299 shares during the last quarter. Cetera Advisors LLC lifted its stake in MSCI by 207.9% during the 1st quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of MSCI by 29.6% in the 2nd quarter. Xponance Inc. now owns 21,384 shares of the technology company’s stock worth $10,302,000 after acquiring an additional 4,890 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSCI has been the topic of several analyst reports. UBS Group cut their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lifted their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Evercore ISI started coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Trading Up 0.5 %

Shares of NYSE:MSCI opened at $604.96 on Friday. The company has a 50 day moving average of $589.88 and a 200 day moving average of $544.93. The stock has a market cap of $47.41 billion, a P/E ratio of 39.72, a P/E/G ratio of 3.14 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $716.15 million. During the same quarter last year, the business posted $3.45 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio is currently 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.