Bowie Capital Management LLC Has $98.14 Million Stake in MSCI Inc. (NYSE:MSCI)

Bowie Capital Management LLC boosted its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,357 shares of the technology company’s stock after purchasing an additional 7,655 shares during the period. MSCI comprises 5.1% of Bowie Capital Management LLC’s portfolio, making the stock its 7th largest holding. Bowie Capital Management LLC owned about 0.21% of MSCI worth $98,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Rothschild Investment LLC purchased a new stake in MSCI during the second quarter valued at approximately $26,000. HWG Holdings LP purchased a new stake in shares of MSCI in the 2nd quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in MSCI in the 3rd quarter worth $40,000. Planning Capital Management Corp lifted its position in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSCI shares. Morgan Stanley boosted their price objective on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Wells Fargo & Company increased their price target on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price objective on shares of MSCI 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Price Performance

Shares of NYSE MSCI traded up $3.28 during midday trading on Monday, reaching $592.85. 11,637 shares of the stock traded hands, compared to its average volume of 541,883. The company’s 50 day moving average is $586.39 and its 200 day moving average is $542.48. 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 $46.46 billion, a PE ratio of 38.71, a P/E/G ratio of 3.06 and a beta of 1.11.

MSCI (NYSE:MSCI) last released 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. 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 during the quarter, compared to analyst estimates of $716.15 million. During the same quarter last year, the business earned $3.45 earnings per share. MSCI’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid 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 yield of 1.08%. MSCI’s payout ratio is currently 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.