Glenmede Trust Co. NA Purchases 9,527 Shares of MSCI Inc. (NYSE:MSCI)

Glenmede Trust Co. NA lifted its position in shares of MSCI Inc. (NYSE:MSCI) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,148 shares of the technology company’s stock after purchasing an additional 9,527 shares during the period. Glenmede Trust Co. NA’s holdings in MSCI were worth $16,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Frank Rimerman Advisors LLC grew its holdings in MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after acquiring an additional 17 shares during the last quarter. Conning Inc. grew its stake in shares of 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 last quarter. Capital Advisors Ltd. LLC increased its holdings in MSCI by 3.8% in 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 period. Concurrent Investment Advisors LLC raised its position in MSCI by 5.0% during 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 during the last quarter. Finally, Planning Capital Management Corp lifted its holdings in MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Up 0.5 %

MSCI stock opened at $604.96 on Friday. The firm has a 50 day moving average price of $589.88 and a 200-day moving average price of $544.93. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70. The company has a market capitalization of $47.41 billion, a P/E ratio of 39.72, a P/E/G ratio of 3.08 and a beta of 1.11.

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

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio is currently 42.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore ISI started coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target for the company. Wells Fargo & Company raised their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Morgan Stanley lifted 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. UBS Group decreased their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Barclays upped their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MSCI presently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Company 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.