172 Shares in MSCI Inc. (NYSE:MSCI) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC purchased a new stake in MSCI Inc. (NYSE:MSCI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 172 shares of the technology company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in MSCI by 2.6% in the third quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after acquiring an additional 37,340 shares during the last quarter. American Century Companies Inc. increased its stake in shares of MSCI by 1.3% in the second quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock worth $504,855,000 after buying an additional 13,620 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in shares of MSCI by 129.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after acquiring an additional 412,389 shares during the last quarter. Legal & General Group Plc increased its stake in MSCI by 4.2% during the second quarter. Legal & General Group Plc now owns 637,381 shares of the technology company’s stock valued at $307,058,000 after purchasing an additional 25,497 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in MSCI by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 581,558 shares of the technology company’s stock worth $325,936,000 after buying an additional 92,118 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MSCI shares. Wells Fargo & Company lifted 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. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Morgan Stanley raised their price target on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Stock Performance

MSCI opened at $581.34 on Friday. The firm has a market cap of $45.56 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 3.10 and a beta of 1.11. The business has a 50 day moving average price of $585.84 and a 200 day moving average price of $540.70. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. As a group, analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid 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 dividend yield of 1.10%. MSCI’s payout ratio is presently 42.02%.

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.