Farther Finance Advisors LLC Has $316,000 Holdings in MSCI Inc. (NYSE:MSCI)

Farther Finance Advisors LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 63.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658 shares of the technology company’s stock after purchasing an additional 255 shares during the period. Farther Finance Advisors LLC’s holdings in MSCI were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of MSCI by 9.7% during the 1st quarter. Nordea Investment Management AB now owns 239,933 shares of the technology company’s stock worth $134,475,000 after purchasing an additional 21,310 shares in the last quarter. Evoke Wealth LLC grew its position in shares of MSCI by 18.4% during the 4th quarter. Evoke Wealth LLC now owns 13,720 shares of the technology company’s stock worth $7,761,000 after purchasing an additional 2,135 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of MSCI during the 4th quarter worth approximately $959,000. Nomura Holdings Inc. acquired a new stake in shares of MSCI during the 4th quarter worth approximately $904,000. Finally, Principal Financial Group Inc. boosted its position in shares of MSCI by 7.5% during the 4th quarter. Principal Financial Group Inc. now owns 819,422 shares of the technology company’s stock worth $463,506,000 after acquiring an additional 57,342 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MSCI shares. Morgan Stanley increased their price target on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays increased their price target on shares of MSCI from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group increased their price target on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group increased their price target on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price target on the stock in a research report on Monday, May 13th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $584.79.

MSCI Stock Performance

MSCI stock opened at $572.94 on Thursday. The company has a fifty day moving average price of $532.31 and a 200-day moving average price of $521.88. The company has a market capitalization of $45.06 billion, a P/E ratio of 39.11, a PEG ratio of 3.16 and a beta of 1.10. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.09. The firm had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 earnings per share. As a group, sell-side analysts forecast that MSCI Inc. will post 14.79 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s payout ratio is currently 43.69%.

MSCI Profile

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.