MSCI Inc. (NYSE:MSCI) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its position in shares of MSCI Inc. (NYSE:MSCI) by 34.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686 shares of the technology company’s stock after purchasing an additional 174 shares during the period. Summit Trail Advisors LLC’s holdings in MSCI were worth $331,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Legacy Advisors LLC raised its holdings in MSCI by 2.8% during the fourth quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock worth $376,000 after purchasing an additional 18 shares in the last quarter. Conning Inc. lifted its position in MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after acquiring an additional 19 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in MSCI by 1.0% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after acquiring an additional 20 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of MSCI by 3.8% during the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after purchasing an additional 20 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of MSCI by 5.0% during the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 1.6 %

Shares of NYSE:MSCI opened at $560.16 on Tuesday. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39. The firm’s 50-day simple moving average is $550.16 and its 200-day simple moving average is $521.56. The company has a market cap of $44.38 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 3.06 and a beta of 1.11.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The company had revenue of $707.90 million for the quarter, compared to analyst estimates 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 for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.26 EPS. On average, research analysts forecast that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s payout ratio is 43.69%.

Analysts Set New Price Targets

MSCI has been the subject of a number of research analyst reports. Wells Fargo & Company raised MSCI to a “hold” rating in a research report on Tuesday, August 13th. Argus increased their price objective on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a report on Friday, July 26th. UBS Group lifted their target price on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $591.00.

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.