V Square Quantitative Management LLC Increases Stock Position in MSCI Inc. (NYSE:MSCI)

V Square Quantitative Management LLC increased its position in MSCI Inc. (NYSE:MSCI) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437 shares of the technology company’s stock after purchasing an additional 37 shares during the quarter. V Square Quantitative Management LLC’s holdings in MSCI were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in MSCI in the first quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in shares of MSCI during the first quarter worth $34,000. American National Bank raised its holdings in shares of MSCI by 1,300.0% during the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after purchasing an additional 65 shares during the period. First United Bank & Trust acquired a new stake in shares of MSCI during the fourth quarter worth $48,000. Finally, Carolinas Wealth Consulting LLC raised its holdings in shares of MSCI by 36.1% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock worth $55,000 after purchasing an additional 26 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Price Performance

Shares of MSCI stock traded up $11.85 during midday trading on Wednesday, hitting $558.30. The company had a trading volume of 369,137 shares, compared to its average volume of 577,256. The business’s 50 day simple moving average is $505.21 and its two-hundred day simple moving average is $522.98. The stock has a market cap of $44.23 billion, a PE ratio of 37.70, a P/E/G ratio of 3.00 and a beta of 1.10. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.55 by $0.09. The firm had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. MSCI’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $3.26 earnings per share. On average, sell-side analysts expect that MSCI Inc. will post 14.78 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $1.60 dividend. The ex-dividend date is Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.15%. MSCI’s dividend payout ratio is 43.69%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. The Goldman Sachs Group upped their price target on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Argus upped their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price target for the company in a research report on Monday, May 13th. Finally, Oppenheimer reiterated a “market perform” rating on shares of MSCI in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.79.

MSCI Company 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.