MSCI Inc. (NYSE:MSCI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,233 shares of the technology company’s stock after purchasing an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MSCI were worth $17,624,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. CreativeOne Wealth LLC grew its position in MSCI by 10.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,078 shares of the technology company’s stock worth $2,377,000 after purchasing an additional 397 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of MSCI by 51.2% during the third quarter. Glenmede Trust Co. NA now owns 28,148 shares of the technology company’s stock worth $16,408,000 after buying an additional 9,527 shares during the period. Townsquare Capital LLC grew its holdings in shares of MSCI by 54.0% during the third quarter. Townsquare Capital LLC now owns 48,720 shares of the technology company’s stock valued at $28,400,000 after buying an additional 17,083 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of MSCI in the 3rd quarter valued at $219,000. Finally, Brooklyn Investment Group raised its stake in MSCI by 9.9% in the 3rd quarter. Brooklyn Investment Group now owns 511 shares of the technology company’s stock worth $298,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Up 0.6 %

MSCI stock opened at $608.75 on Friday. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The firm has a 50-day simple moving average of $591.03 and a 200-day simple moving average of $545.78. The stock has a market capitalization of $47.71 billion, a P/E ratio of 39.97, a P/E/G ratio of 3.14 and a beta of 1.11.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. MSCI’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 EPS. On average, analysts expect that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio is currently 42.02%.

Analyst Ratings Changes

Several research firms have weighed in on MSCI. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. Evercore ISI started coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target on the stock. Wells Fargo & Company raised their price target on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a report on Wednesday, October 9th. Finally, UBS Group reduced their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $631.83.

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.