Prime Capital Investment Advisors LLC Purchases Shares of 473 MSCI Inc. (NYSE:MSCI)

Prime Capital Investment Advisors LLC purchased a new stake in MSCI Inc. (NYSE:MSCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 473 shares of the technology company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. purchased a new stake in shares of MSCI in the 3rd quarter valued at about $26,000. ORG Partners LLC increased its position in shares of MSCI by 5,600.0% during the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after purchasing an additional 56 shares during the last quarter. Headinvest LLC bought a new position in shares of MSCI during the 3rd quarter valued at about $30,000. Atlas Capital Advisors LLC bought a new position in shares of MSCI during the 1st quarter valued at about $35,000. Finally, International Assets Investment Management LLC bought a new position in shares of MSCI during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MSCI shares. Edward Jones started coverage on MSCI in a research report on Friday, December 22nd. They set a “buy” rating on the stock. Oppenheimer reduced their price objective on MSCI from $659.00 to $648.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 9th. Raymond James reiterated a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Barclays raised their price target on MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $620.00 to $470.00 in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $581.57.

MSCI Stock Performance

Shares of MSCI stock opened at $526.62 on Friday. The firm has a market cap of $41.72 billion, a P/E ratio of 36.57, a P/E/G ratio of 2.68 and a beta of 1.06. MSCI Inc. has a fifty-two week low of $451.55 and a fifty-two week high of $617.39. The business’s 50 day moving average price is $559.61 and its 200-day moving average price is $539.13.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, January 30th. The technology company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $690.11 million during the quarter, compared to analysts’ expectations of $662.64 million. MSCI had a negative return on equity of 111.17% and a net margin of 45.42%. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 EPS. As a group, equities analysts predict that MSCI Inc. will post 14.84 EPS for the current year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, February 15th. This is a boost from MSCI’s previous quarterly dividend of $1.38. MSCI’s dividend payout ratio (DPR) is presently 44.44%.

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.