Pinnacle Associates Ltd. Increases Stock Position in MSCI Inc. (NYSE:MSCI)

Pinnacle Associates Ltd. boosted its stake in MSCI Inc. (NYSE:MSCIFree Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308 shares of the technology company’s stock after purchasing an additional 126 shares during the quarter. Pinnacle Associates Ltd.’s holdings in MSCI were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Schechter Investment Advisors LLC purchased a new stake in MSCI in the third quarter valued at approximately $434,000. Nordea Investment Management AB lifted its holdings in shares of MSCI by 19.2% in the 4th quarter. Nordea Investment Management AB now owns 218,623 shares of the technology company’s stock worth $124,786,000 after acquiring an additional 35,277 shares during the last quarter. Alphinity Investment Management Pty Ltd lifted its holdings in shares of MSCI by 3.0% in the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 430,676 shares of the technology company’s stock worth $220,971,000 after acquiring an additional 12,495 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of MSCI by 8.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 143,742 shares of the technology company’s stock worth $81,308,000 after acquiring an additional 11,704 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. lifted its holdings in shares of MSCI by 9.5% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 66,896 shares of the technology company’s stock worth $34,323,000 after acquiring an additional 5,796 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Trading Down 2.3 %

Shares of NYSE:MSCI opened at $542.29 on Wednesday. MSCI Inc. has a 12-month low of $451.55 and a 12-month high of $617.39. The company has a market capitalization of $42.96 billion, a PE ratio of 37.66, a PEG ratio of 2.82 and a beta of 1.06. The business has a 50 day moving average of $565.98 and a two-hundred day moving average of $538.29.

MSCI (NYSE:MSCIGet Free Report) last announced its earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. MSCI had a negative return on equity of 111.17% and a net margin of 45.42%. The business had revenue of $690.11 million during the quarter, compared to the consensus estimate of $662.64 million. During the same period in the prior year, the company posted $2.84 EPS. The business’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that MSCI Inc. will post 14.8 earnings per share for the current fiscal year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from MSCI’s previous quarterly dividend of $1.38. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.18%. MSCI’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Oppenheimer upped their target price on shares of MSCI from $572.00 to $601.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Morgan Stanley raised shares of MSCI from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $526.00 to $600.00 in a research report on Wednesday, December 13th. Raymond James reissued a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Finally, Edward Jones initiated coverage on shares of MSCI in a research report on Friday, December 22nd. They set a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, MSCI has a consensus rating of “Hold” and a consensus target price of $578.21.

Get Our Latest Analysis on MSCI

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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