Riverview Trust Co Has $50,000 Stock Position in MSCI Inc. (NYSE:MSCI)

Riverview Trust Co trimmed its position in MSCI Inc. (NYSE:MSCI) by 35.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86 shares of the technology company’s stock after selling 47 shares during the period. Riverview Trust Co’s holdings in MSCI were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in MSCI by 74.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after purchasing an additional 623,712 shares in the last quarter. PineStone Asset Management Inc. increased its position in MSCI by 129.4% in the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after buying an additional 412,389 shares during the last quarter. Findlay Park Partners LLP purchased a new position in shares of MSCI during the 1st quarter valued at $114,836,000. Manning & Napier Advisors LLC bought a new position in shares of MSCI during the 2nd quarter worth $91,748,000. Finally, Swedbank AB purchased a new stake in MSCI in the 1st quarter worth about $75,957,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Up 0.4 %

NYSE:MSCI opened at $608.02 on Friday. The stock has a fifty day simple moving average of $574.28 and a 200-day simple moving average of $526.56. The company has a market cap of $48.17 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $696.41 million. During the same quarter in the prior year, the firm earned $3.26 earnings per share. MSCI’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that MSCI Inc. will post 14.8 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. MSCI’s dividend payout ratio is currently 43.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Argus upped their price target on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. UBS Group increased their price objective on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. The Goldman Sachs Group raised their target price on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Morgan Stanley raised their price target on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Barclays raised their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have given 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 price target of $615.23.

MSCI 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.