Achmea Investment Management B.V. Buys 354 Shares of MSCI Inc. (NYSE:MSCI)

Achmea Investment Management B.V. increased its position in MSCI Inc. (NYSE:MSCI) by 22.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,951 shares of the technology company’s stock after purchasing an additional 354 shares during the quarter. Achmea Investment Management B.V.’s holdings in MSCI were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Legacy Advisors LLC increased its stake in shares of MSCI by 2.8% in the 4th quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock worth $376,000 after acquiring an additional 18 shares in the last quarter. Conning Inc. grew its holdings in MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after purchasing an additional 19 shares during the period. Sompo Asset Management Co. Ltd. increased its stake in shares of MSCI by 1.0% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after purchasing an additional 20 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of MSCI by 3.8% during the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

MSCI stock opened at $561.93 on Friday. The company has a market cap of $44.52 billion, a price-to-earnings ratio of 38.36, a P/E/G ratio of 3.06 and a beta of 1.11. The business’s 50-day moving average is $542.67 and its two-hundred day moving average is $522.09. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.09. The firm had revenue of $707.90 million for 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%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.26 EPS. Equities analysts predict that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Dividend Announcement

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 1.14%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio is presently 43.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSCI. Wells Fargo & Company upgraded MSCI to a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research note on Wednesday, July 24th. Argus upped their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. UBS Group raised their price target on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Barclays upped their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $588.36.

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.