Investment Management Corp of Ontario Has $23.39 Million Holdings in MSCI Inc. (NYSE:MSCI)

Investment Management Corp of Ontario increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 40,119 shares of the technology company’s stock after buying an additional 800 shares during the quarter. Investment Management Corp of Ontario’s holdings in MSCI were worth $23,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Frank Rimerman Advisors LLC increased 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 purchasing an additional 17 shares in the last quarter. Conning Inc. lifted 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 buying an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of 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 in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after buying an additional 20 shares in the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of MSCI by 35.1% in the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSCI has been the subject of several recent research reports. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. Evercore ISI assumed coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Barclays increased their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, UBS Group cut their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Price Performance

NYSE MSCI opened at $605.47 on Tuesday. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70. The company has a market capitalization of $47.45 billion, a P/E ratio of 39.98, a PEG ratio of 3.17 and a beta of 1.10. The business has a 50 day moving average price of $592.00 and a 200 day moving average price of $547.37.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $716.15 million. During the same period in the previous year, the business earned $3.45 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, research analysts expect that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, November 15th. MSCI’s payout ratio is 42.02%.

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.