Progressive Investment Management Corp Has $9.54 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

Progressive Investment Management Corp cut its holdings in MSCI Inc. (NYSE:MSCI) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,357 shares of the technology company’s stock after selling 205 shares during the period. MSCI comprises approximately 2.4% of Progressive Investment Management Corp’s investment portfolio, making the stock its 19th biggest holding. Progressive Investment Management Corp’s holdings in MSCI were worth $9,535,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Rothschild Investment LLC bought a new position in shares of MSCI during the second quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in MSCI during the second quarter worth about $27,000. Crewe Advisors LLC acquired a new stake in MSCI during the first quarter worth about $34,000. Ridgewood Investments LLC bought a new position in MSCI in the 2nd quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of MSCI in the 3rd quarter valued at approximately $40,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.6 %

Shares of NYSE:MSCI opened at $596.93 on Wednesday. The firm has a market capitalization of $46.78 billion, a PE ratio of 39.19, a P/E/G ratio of 3.09 and a beta of 1.11. The company has a 50-day moving average price of $585.01 and a two-hundred day moving average price of $540.12. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

MSCI (NYSE:MSCI) last released 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. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. During the same period last year, the firm earned $3.45 EPS. MSCI’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio is presently 42.02%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSCI shares. 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 research note on Wednesday, October 9th. Wells Fargo & Company raised their price objective on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. UBS Group cut their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI began coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Finally, Argus increased their price target on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average price target of $631.83.

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.