Public Sector Pension Investment Board Acquires 387 Shares of MSCI Inc. (NYSE:MSCI)

Public Sector Pension Investment Board lifted its holdings in shares of MSCI Inc. (NYSE:MSCI) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,776 shares of the technology company’s stock after acquiring an additional 387 shares during the quarter. Public Sector Pension Investment Board’s holdings in MSCI were worth $8,030,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in MSCI during the 2nd quarter valued at $26,000. HWG Holdings LP bought a new position in shares of MSCI in the second quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of MSCI during the 3rd quarter worth about $40,000. Planning Capital Management Corp boosted its holdings in shares of MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Finally, Private Trust Co. NA grew its stake in MSCI by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after buying an additional 20 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSCI has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. UBS Group lowered their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Evercore ISI started coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Trading Up 0.6 %

NYSE MSCI opened at $608.75 on Friday. The firm’s 50 day simple moving average is $591.03 and its 200 day simple moving average is $545.78. The firm has a market capitalization of $47.71 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 3.14 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the company posted $3.45 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $1.60 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. MSCI’s dividend payout ratio (DPR) is currently 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.