Quest Partners LLC Raises Holdings in MSCI Inc. (NYSE:MSCI)

Quest Partners LLC grew its stake in MSCI Inc. (NYSE:MSCI) by 4,032.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,595 shares of the technology company’s stock after buying an additional 3,508 shares during the quarter. Quest Partners LLC’s holdings in MSCI were worth $2,096,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Frank Rimerman Advisors LLC raised its stake in MSCI by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after buying an additional 17 shares in the last quarter. Conning Inc. lifted its stake in MSCI by 4.1% during the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after purchasing an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares during the last quarter. Finally, Planning Capital Management Corp raised its holdings in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Stock Down 0.1 %

NYSE MSCI opened at $593.12 on Tuesday. The stock has a market capitalization of $46.48 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.09 and a beta of 1.11. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70. The firm has a 50-day moving average price of $584.32 and a 200 day moving average price of $539.21.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $716.15 million. During the same quarter in the previous year, the company earned $3.45 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

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 given a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.08%. MSCI’s payout ratio is currently 42.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSCI. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their target price on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. UBS Group decreased their target price on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

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.