Brooklyn Investment Group Raises Stake in MSCI Inc. (NYSE:MSCI)

Brooklyn Investment Group raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 9.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 511 shares of the technology company’s stock after buying an additional 46 shares during the quarter. Brooklyn Investment Group’s holdings in MSCI were worth $298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of MSCI in the 2nd quarter valued at about $26,000. HWG Holdings LP purchased a new stake in MSCI in the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new stake in MSCI during the second quarter valued at approximately $40,000. Ashton Thomas Securities LLC bought a new position in shares of MSCI in the 3rd quarter worth $40,000. Finally, Planning Capital Management Corp raised its position 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 valued at $45,000 after buying an additional 20 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

Shares of MSCI stock opened at $601.96 on Wednesday. The firm has a market capitalization of $47.18 billion, a PE ratio of 39.52, a PEG ratio of 3.08 and a beta of 1.11. The stock has a fifty day simple moving average of $587.82 and a two-hundred day simple moving average of $544.08. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70.

MSCI (NYSE:MSCI) last announced its quarterly earnings data 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. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. During the same period last year, the firm posted $3.45 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued 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%.

Analyst Upgrades and Downgrades

MSCI has been the subject of several research reports. Barclays upped their target price 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. UBS Group decreased their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI started 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. Wells Fargo & Company boosted their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. Seven investment 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, the company presently has an average rating of “Moderate Buy” and an average 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.