Charles Schwab Investment Management Inc. Purchases 5,007 Shares of MSCI Inc. (NYSE:MSCI)

Charles Schwab Investment Management Inc. grew its position in MSCI Inc. (NYSE:MSCI) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 484,011 shares of the technology company’s stock after buying an additional 5,007 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of MSCI worth $282,145,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new stake in MSCI in the 2nd quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in MSCI in the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in MSCI in the 2nd quarter worth approximately $40,000. Ashton Thomas Securities LLC acquired a new stake in MSCI in the 3rd quarter worth approximately $40,000. Finally, Planning Capital Management Corp boosted its stake in MSCI by 35.1% in the 3rd 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 currently owned by institutional investors.

MSCI Stock Performance

Shares of NYSE MSCI opened at $589.25 on Friday. The firm has a market cap of $46.18 billion, a PE ratio of 38.69, a PEG ratio of 3.02 and a beta of 1.11. The firm has a fifty day moving average of $586.39 and a 200 day moving average of $541.49. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.45 EPS. On average, equities analysts predict that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced 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 is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.09%. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSCI shares. 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. Barclays raised their price target on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Argus raised their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Evercore ISI assumed coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

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.