MSCI Inc. (NYSE:MSCI) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 44.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,166 shares of the technology company’s stock after purchasing an additional 662 shares during the quarter. Diversify Wealth Management LLC’s holdings in MSCI were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of MSCI during the 2nd quarter worth about $26,000. HWG Holdings LP acquired a new position in MSCI in the 2nd quarter valued at about $27,000. Crewe Advisors LLC acquired a new position in MSCI in the 1st quarter valued at about $34,000. Ridgewood Investments LLC purchased a new stake in MSCI during the second quarter worth about $40,000. Finally, American National Bank & Trust acquired a new stake in shares of MSCI during the third quarter worth about $58,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Stock Down 1.7 %

Shares of MSCI stock opened at $569.35 on Thursday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70. The company has a 50 day moving average of $579.95 and a 200 day moving average of $529.34. The company has a market capitalization of $44.78 billion, a P/E ratio of 38.13, a P/E/G ratio of 3.09 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter last year, the company earned $3.45 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts anticipate that MSCI Inc. will post 14.83 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.12%. MSCI’s payout ratio is currently 42.87%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSCI shares. The Goldman Sachs Group raised their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. UBS Group lowered their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley raised their price objective on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday. Finally, Evercore ISI started coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus price target of $624.23.

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.