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

Public Sector Pension Investment Board lifted its position in shares of MSCI Inc. (NYSE:MSCIFree Report) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,776 shares of the technology company’s stock after purchasing an additional 387 shares during the period. Public Sector Pension Investment Board’s holdings in MSCI were worth $8,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in MSCI in the second quarter valued at about $26,000. HWG Holdings LP bought a new position in MSCI in the 2nd quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new stake in MSCI during the 2nd quarter worth approximately $40,000. Ashton Thomas Securities LLC acquired a new stake in MSCI during the 3rd quarter worth approximately $40,000. Finally, Planning Capital Management Corp grew its holdings in 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 acquiring an additional 20 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MSCI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. 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. UBS Group reduced their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.83.

Read Our Latest Stock Analysis on MSCI

MSCI Stock Up 0.6 %

NYSE:MSCI opened at $608.75 on Friday. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70. The company has a fifty day moving average of $591.03 and a 200-day moving average of $545.78. The firm has a market capitalization of $47.71 billion, a P/E ratio of 39.97, a P/E/G ratio of 3.14 and a beta of 1.11.

MSCI (NYSE:MSCIGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 earnings per share. On average, analysts anticipate 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 was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

About MSCI

(Free Report)

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.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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