Allworth Financial LP Buys 117 Shares of MSCI Inc $MSCI

Allworth Financial LP grew its stake in MSCI Inc (NYSE:MSCI) by 47.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365 shares of the technology company’s stock after purchasing an additional 117 shares during the period. Allworth Financial LP’s holdings in MSCI were worth $210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its position in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Steph & Co. acquired a new position in MSCI in the 2nd quarter valued at approximately $35,000. Banque Transatlantique SA lifted its position in shares of MSCI by 355.6% in the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after acquiring an additional 64 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of MSCI by 2,666.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of MSCI by 133.3% during the 1st quarter. GW&K Investment Management LLC now owns 84 shares of the technology company’s stock worth $48,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock opened at $556.74 on Wednesday. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45. The stock has a market capitalization of $41.83 billion, a PE ratio of 35.28, a PEG ratio of 2.76 and a beta of 1.34. The stock’s fifty day moving average is $563.87 and its 200-day moving average is $563.32.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.10. The business had revenue of $793.43 million during the quarter, compared to analysts’ expectations of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.86 earnings per share. As a group, analysts forecast that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI announced that its board has approved a stock buyback plan on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI’s payout ratio is currently 45.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MSCI shares. Wells Fargo & Company upped their target price on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Barclays boosted their price target on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of MSCI in a research note on Thursday, November 13th. Finally, UBS Group increased their price target on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $655.90.

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.