Palumbo Wealth Management LLC Acquires 82 Shares of MSCI Inc. (NYSE:MSCI)

Palumbo Wealth Management LLC raised its holdings in MSCI Inc. (NYSE:MSCI) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,020 shares of the technology company’s stock after purchasing an additional 82 shares during the quarter. Palumbo Wealth Management LLC’s holdings in MSCI were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MSCI. Vanguard Group Inc. raised its holdings in shares of MSCI by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock worth $4,886,777,000 after purchasing an additional 36,043 shares during the period. Capital International Investors grew its stake in shares of MSCI by 0.5% during the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after acquiring an additional 9,304 shares during the period. Principal Financial Group Inc. increased its holdings in MSCI by 74.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after acquiring an additional 623,712 shares during the last quarter. Sustainable Growth Advisers LP raised its stake in MSCI by 1.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock valued at $741,508,000 after acquiring an additional 23,217 shares during the period. Finally, American Century Companies Inc. lifted its holdings in MSCI by 1.3% during the second 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 during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Trading Up 0.7 %

Shares of NYSE:MSCI traded up $4.26 during trading on Thursday, reaching $573.35. The company had a trading volume of 47,079 shares, compared to its average volume of 538,487. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The stock has a market capitalization of $45.09 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The company has a fifty day moving average of $579.95 and a two-hundred day moving average of $529.34.

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, beating analysts’ consensus estimates of $3.77 by $0.09. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. During the same quarter last year, the business posted $3.45 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that MSCI Inc. will post 14.83 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $1.60 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.12%. MSCI’s payout ratio is 42.87%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSCI. Morgan Stanley lifted their target price on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research report on Wednesday, October 9th. Barclays lifted their price target on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. The Goldman Sachs Group increased their price objective on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 target price on shares of MSCI in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $624.23.

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.