Summit Trail Advisors LLC Boosts Stake in MSCI Inc. (NYSE:MSCI)

Summit Trail Advisors LLC lifted its holdings in MSCI Inc. (NYSE:MSCI) by 18.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 810 shares of the technology company’s stock after acquiring an additional 124 shares during the quarter. Summit Trail Advisors LLC’s holdings in MSCI were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of MSCI. Frank Rimerman Advisors LLC raised its stake in shares of MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after purchasing an additional 17 shares during the period. Conning Inc. lifted its holdings in shares of MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after acquiring an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in MSCI by 3.8% during the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after purchasing an additional 20 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after buying an additional 20 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of MSCI by 35.1% in the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Trading Up 1.6 %

Shares of MSCI stock opened at $601.96 on Wednesday. The business has a fifty day simple moving average of $587.82 and a two-hundred day simple moving average of $544.08. The firm has a market capitalization of $47.18 billion, a P/E ratio of 39.52, a P/E/G ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month 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 analysts’ consensus estimates of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $3.45 EPS. Analysts predict that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.06%. MSCI’s payout ratio is currently 42.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSCI shares. Barclays raised their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. UBS Group reduced their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Evercore ISI assumed coverage on MSCI in a research note on Wednesday, October 2nd. They issued 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.