Planning Capital Management Corp Purchases 20 Shares of MSCI Inc. (NYSE:MSCI)

Planning Capital Management Corp grew its holdings in MSCI Inc. (NYSE:MSCI) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77 shares of the technology company’s stock after purchasing an additional 20 shares during the quarter. Planning Capital Management Corp’s holdings in MSCI were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of MSCI during the second quarter worth $26,000. HWG Holdings LP purchased a new position in shares of MSCI in the 2nd quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new stake in MSCI during the 1st quarter worth approximately $34,000. Ridgewood Investments LLC acquired a new position in MSCI during the 2nd quarter valued at approximately $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in MSCI during the 3rd quarter valued at approximately $40,000. 89.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSCI shares. Wells Fargo & Company lifted their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Morgan Stanley lifted their price objective on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Evercore ISI assumed coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Finally, Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research report on Wednesday, October 9th. 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, 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 opened at $606.14 on Friday. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70. The business has a 50-day moving average of $582.23 and a 200-day moving average of $536.05. The company has a market capitalization of $47.50 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 3.17 and a beta of 1.11.

MSCI (NYSE:MSCI) last announced its quarterly earnings results 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. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. 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 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Research analysts expect that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio (DPR) 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.