Amalgamated Bank Sells 264 Shares of MSCI Inc. (NYSE:MSCI)

Amalgamated Bank reduced its holdings in shares of MSCI Inc. (NYSE:MSCI) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,438 shares of the technology company’s stock after selling 264 shares during the period. Amalgamated Bank’s holdings in MSCI were worth $7,919,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of MSCI by 74.9% in the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after acquiring an additional 623,712 shares during the last quarter. PineStone Asset Management Inc. grew its position in MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after purchasing an additional 412,389 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in MSCI by 3,600.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 253,636 shares of the technology company’s stock valued at $143,469,000 after purchasing an additional 246,781 shares in the last quarter. Findlay Park Partners LLP purchased a new position in MSCI in the first quarter worth about $114,836,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of MSCI in the second quarter worth approximately $91,748,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSCI. Wells Fargo & Company raised shares of MSCI to a “hold” rating in a research report on Tuesday, August 13th. Argus boosted their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. UBS Group increased their price objective on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, MSCI has a consensus rating of “Moderate Buy” and an average target price of $591.00.

MSCI Price Performance

Shares of MSCI stock opened at $555.31 on Friday. The company has a market cap of $43.99 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39. The firm has a fifty day moving average price of $547.99 and a 200-day moving average price of $521.93.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.55 by $0.09. The firm had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.26 earnings per share. Equities research analysts expect that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.15%. MSCI’s payout ratio is currently 43.69%.

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.