Fullcircle Wealth LLC Invests $315,000 in MSCI Inc. (NYSE:MSCI)

Fullcircle Wealth LLC purchased a new position in MSCI Inc. (NYSE:MSCI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 530 shares of the technology company’s stock, valued at approximately $315,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in shares of MSCI during the third quarter valued at about $254,000. Farther Finance Advisors LLC increased its position in shares of MSCI by 20.2% during the third quarter. Farther Finance Advisors LLC now owns 791 shares of the technology company’s stock valued at $461,000 after acquiring an additional 133 shares during the last quarter. Dash Acquisitions Inc. increased its position in shares of MSCI by 9.6% during the third quarter. Dash Acquisitions Inc. now owns 3,703 shares of the technology company’s stock valued at $2,180,000 after acquiring an additional 325 shares during the last quarter. Americana Partners LLC increased its position in shares of MSCI by 71.5% during the third quarter. Americana Partners LLC now owns 2,567 shares of the technology company’s stock valued at $1,496,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of MSCI by 43.5% during the third quarter. Stephens Inc. AR now owns 3,303 shares of the technology company’s stock valued at $1,925,000 after acquiring an additional 1,001 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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 research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a report on Wednesday. Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley lifted their price objective on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Trading Up 1.2 %

NYSE:MSCI traded up $6.75 during trading hours on Friday, hitting $577.95. The stock had a trading volume of 369,472 shares, compared to its average volume of 540,039. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70. The business has a 50 day simple moving average of $580.21 and a two-hundred day simple moving average of $530.08. The company has a market cap of $45.46 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 2.97 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the prior year, the business posted $3.45 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Research analysts expect that MSCI Inc. will post 14.94 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 1.11%. The ex-dividend date is Friday, November 15th. MSCI’s payout ratio is 42.02%.

About MSCI

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.