MSCI Inc. (NYSE:MSCI) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of MSCI Inc. (NYSE:MSCI) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,710 shares of the technology company’s stock after purchasing an additional 29,444 shares during the quarter. Los Angeles Capital Management LLC owned about 0.25% of MSCI worth $116,417,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSCI. Envestnet Portfolio Solutions Inc. raised its position in shares of MSCI by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,786 shares of the technology company’s stock worth $3,803,000 after buying an additional 168 shares during the period. Empowered Funds LLC raised its position in MSCI by 215.0% in the first quarter. Empowered Funds LLC now owns 2,838 shares of the technology company’s stock valued at $1,591,000 after purchasing an additional 1,937 shares during the period. Susquehanna Fundamental Investments LLC raised its position in MSCI by 118.9% in the first quarter. Susquehanna Fundamental Investments LLC now owns 5,843 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 3,174 shares during the period. Atomi Financial Group Inc. purchased a new position in MSCI in the first quarter valued at about $215,000. Finally, Meeder Advisory Services Inc. raised its position in MSCI by 2.0% in the first quarter. Meeder Advisory Services Inc. now owns 1,448 shares of the technology company’s stock valued at $812,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research report on Wednesday, October 9th. Morgan Stanley lifted their target price on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Argus lifted their target price on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, 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 report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI presently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Stock Up 3.2 %

Shares of NYSE:MSCI traded up $18.34 during trading on Friday, hitting $594.00. 781,469 shares of the company traded hands, compared to its average volume of 466,003. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 2.99 and a beta of 1.11. The business’s fifty day moving average is $580.58 and its 200-day moving average is $533.23.

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. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 EPS. On average, analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.08%. MSCI’s dividend payout ratio (DPR) is 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.