True Wealth Design LLC Invests $38,000 in MSCI Inc. (NYSE:MSCI)

True Wealth Design LLC bought a new position in MSCI Inc. (NYSE:MSCI) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 65 shares of the technology company’s stock, valued at approximately $38,000.

Several other large investors have also modified their holdings of 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 period. Manning & Napier Advisors LLC bought a new stake in shares of MSCI during the second quarter valued at approximately $91,748,000. Grove Bank & Trust raised its stake in shares of MSCI by 52.4% in the third quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after purchasing an additional 1,299 shares in the last quarter. Cetera Advisors LLC boosted its stake in MSCI by 207.9% during the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock worth $1,657,000 after buying an additional 1,996 shares in the last quarter. Finally, Xponance Inc. increased its holdings in MSCI by 29.6% in the 2nd quarter. Xponance Inc. now owns 21,384 shares of the technology company’s stock valued at $10,302,000 after buying an additional 4,890 shares during the period. 89.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research note on Wednesday, October 9th. UBS Group lowered their price target on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $631.83.

MSCI Trading Up 0.8 %

Shares of NYSE:MSCI opened at $609.63 on Monday. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70. The stock has a market cap of $47.78 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 3.17 and a beta of 1.11. The stock’s fifty day simple moving average is $591.03 and its two-hundred day simple moving average is $546.58.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the previous year, the company earned $3.45 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. MSCI’s dividend payout ratio (DPR) is presently 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.