MSCI Inc. (NYSE:MSCI) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 24,287.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,951 shares of the technology company’s stock after acquiring an additional 1,943 shares during the period. Frank Rimerman Advisors LLC’s holdings in MSCI were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of MSCI in the 1st quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new position in shares of MSCI in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the 1st quarter valued at approximately $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI in the 2nd quarter valued at approximately $40,000. Finally, Carolinas Wealth Consulting LLC raised its position in shares of MSCI by 36.1% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after purchasing an additional 26 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MSCI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Morgan Stanley boosted their price target on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded MSCI to a “hold” rating in a report on Tuesday, August 13th. UBS Group boosted their price target on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Barclays boosted their price target on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $591.00.

MSCI Price Performance

Shares of MSCI opened at $551.41 on Monday. The company has a market cap of $43.68 billion, a P/E ratio of 37.64, a PEG ratio of 3.06 and a beta of 1.11. The stock has a fifty day moving average price of $548.98 and a 200 day moving average price of $521.49. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The firm had revenue of $707.90 million during 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 firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.26 EPS. As a group, research analysts anticipate that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $1.60 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.16%. MSCI’s payout ratio is 43.69%.

About MSCI

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.