Malaga Cove Capital LLC Acquires Shares of 944 MSCI Inc. (NYSE:MSCI)

Malaga Cove Capital LLC bought a new position in shares of MSCI Inc. (NYSE:MSCI) during the second quarter, Holdings Channel.com reports. The fund bought 944 shares of the technology company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in MSCI in the first quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new position in MSCI in the second quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of MSCI in the first quarter valued at about $34,000. American National Bank boosted its stake 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 buying an additional 65 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of MSCI during the second quarter worth about $40,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Price Performance

Shares of NYSE:MSCI opened at $557.99 on Tuesday. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.11. The business’s 50 day simple moving average is $537.12 and its 200-day simple moving average is $521.63. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39.

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

MSCI Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on MSCI. Wells Fargo & Company raised MSCI to a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays boosted their price objective on shares of MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.79.

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.