Icon Wealth Advisors LLC Acquires 12,434 Shares of MSCI Inc. (NYSE:MSCI)

Icon Wealth Advisors LLC lifted its stake in MSCI Inc. (NYSE:MSCI) by 311.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,426 shares of the technology company’s stock after purchasing an additional 12,434 shares during the period. Icon Wealth Advisors LLC’s holdings in MSCI were worth $9,575,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSCI. Prime Capital Investment Advisors LLC increased its position in MSCI by 30.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after buying an additional 130 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in MSCI during the 2nd quarter worth approximately $91,748,000. Grove Bank & Trust lifted its stake in shares of MSCI by 52.4% during the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after buying an additional 1,299 shares in the last quarter. LBP AM SA bought a new position in MSCI in the 1st quarter worth $778,000. Finally, Cetera Advisors LLC raised its holdings in MSCI by 207.9% during the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after acquiring an additional 1,996 shares during the period. 89.97% of the stock is owned by institutional investors.

MSCI Stock Down 0.1 %

MSCI stock opened at $581.34 on Friday. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70. The business has a fifty day moving average of $585.84 and a two-hundred day moving average of $540.70. The firm has a market cap of $45.56 billion, a P/E ratio of 38.17, a P/E/G ratio of 3.10 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same period last year, the business earned $3.45 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio is currently 42.02%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays upped their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley upped their price target on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.