MSCI Inc. (NYSE:MSCI) Holdings Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its stake in shares of MSCI Inc. (NYSE:MSCI – Get Rating) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,484 shares of the technology company’s stock after selling 482 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in MSCI were worth $1,156,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MSCI. RB Capital Management LLC boosted its stake in shares of MSCI by 16.5% during the 1st quarter. RB Capital Management LLC now owns 1,276 shares of the technology company’s stock valued at $642,000 after buying an additional 181 shares during the period. Markel Corp boosted its stake in shares of MSCI by 3.4% during the 1st quarter. Markel Corp now owns 141,700 shares of the technology company’s stock valued at $71,258,000 after buying an additional 4,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of MSCI by 42.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,237 shares of the technology company’s stock valued at $622,000 after buying an additional 367 shares during the period. Cibc World Market Inc. boosted its stake in shares of MSCI by 6.0% during the 1st quarter. Cibc World Market Inc. now owns 1,831 shares of the technology company’s stock valued at $921,000 after buying an additional 104 shares during the period. Finally, Prudential PLC acquired a new stake in shares of MSCI during the 1st quarter valued at $701,000. Institutional investors and hedge funds own 88.18% of the company’s stock.

MSCI Price Performance

MSCI stock opened at $472.25 on Friday. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 43.29 and a beta of 1.14. MSCI Inc. has a fifty-two week low of $379.63 and a fifty-two week high of $572.50. The firm has a fifty day moving average price of $515.81 and a two-hundred day moving average price of $508.73.

MSCI (NYSE:MSCI – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.23. MSCI had a net margin of 38.62% and a negative return on equity of 93.49%. The company had revenue of $592.20 million for the quarter, compared to the consensus estimate of $593.92 million. During the same quarter in the previous year, the firm posted $2.98 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that MSCI Inc. will post 12.92 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 12th will be issued a dividend of $1.38 per share. The ex-dividend date is Thursday, May 11th. This represents a $5.52 annualized dividend and a dividend yield of 1.17%. MSCI’s payout ratio is 50.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of MSCI in a research note on Thursday. They issued a “hold” rating for the company. Oppenheimer lifted their price objective on shares of MSCI from $575.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Royal Bank of Canada lifted their price objective on shares of MSCI from $520.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of MSCI from $560.00 to $522.00 in a research note on Wednesday, April 26th. Finally, Wells Fargo & Company assumed coverage on shares of MSCI in a research note on Tuesday, May 9th. They issued an “overweight” rating and a $570.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and an average price target of $567.50.

About MSCI

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MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.