BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,956 Shares of MSCI Inc. (NYSE:MSCI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in MSCI Inc. (NYSE:MSCI) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,217 shares of the technology company’s stock after selling 1,956 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in MSCI were worth $7,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Edgewood Management LLC raised its holdings in shares of MSCI by 16.9% during the 3rd quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after buying an additional 318,214 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of MSCI by 14.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock worth $925,531,000 after acquiring an additional 198,666 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MSCI by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock worth $870,627,000 after acquiring an additional 37,340 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of MSCI by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares in the last quarter. Finally, PineStone Asset Management Inc. grew its holdings in shares of MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after purchasing an additional 412,389 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $609.63 on Monday. The firm has a market capitalization of $47.78 billion, a P/E ratio of 40.03, a P/E/G ratio of 3.17 and a beta of 1.11. The stock has a 50 day moving average price of $591.03 and a 200-day moving average price of $546.58. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.45 earnings per share. On average, equities analysts forecast that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MSCI shares. Wells Fargo & Company raised their price objective on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Barclays raised their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Evercore ISI started coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. UBS Group decreased their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Redburn Atlantic raised 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

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.