LGT Group Foundation Sells 618 Shares of MSCI Inc. (NYSE:MSCI)

LGT Group Foundation lessened its position in MSCI Inc. (NYSE:MSCI) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,080 shares of the technology company’s stock after selling 618 shares during the period. LGT Group Foundation’s holdings in MSCI were worth $4,374,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MSCI. Rise Advisors LLC bought a new stake in MSCI in the first quarter valued at approximately $26,000. Rothschild Investment LLC bought a new stake in shares of MSCI during the second quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of MSCI during the first quarter worth $34,000. American National Bank increased its position in shares of MSCI by 1,300.0% during the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of MSCI during the second quarter worth $40,000. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the subject of several research reports. UBS Group increased their price objective 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. Morgan Stanley increased their price objective 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. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price objective for the company in a research report on Monday, May 13th. Argus increased their price objective on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Barclays raised their target price on shares of MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $584.79.

MSCI Price Performance

Shares of MSCI stock opened at $557.99 on Tuesday. The stock has a market cap of $44.21 billion, a P/E ratio of 38.09, a P/E/G ratio of 3.05 and a beta of 1.11. The company has a fifty day moving average price of $537.12 and a two-hundred day moving average price of $521.63. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The company had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. MSCI’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.26 EPS. As a group, equities research analysts anticipate that MSCI Inc. will post 14.79 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, August 16th. MSCI’s dividend payout ratio is 43.69%.

MSCI Company 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.