Quarry LP Raises Stake in MSCI Inc. (NYSE:MSCI)

Quarry LP boosted its position in MSCI Inc. (NYSE:MSCI) by 2,200.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 437 shares of the technology company’s stock after buying an additional 418 shares during the period. Quarry LP’s holdings in MSCI were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in MSCI in the first quarter valued at approximately $26,000. Rothschild Investment LLC purchased a new stake in MSCI in the second quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in MSCI in the first quarter valued at approximately $34,000. Ridgewood Investments LLC purchased a new stake in MSCI in the second quarter valued at approximately $40,000. Finally, Riverview Trust Co purchased a new stake in MSCI in the first quarter valued at approximately $75,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $582.63 on Tuesday. The company has a market cap of $46.16 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.98 and a beta of 1.11. The stock has a 50 day simple moving average of $556.89 and a 200-day simple moving average of $521.96. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39.

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

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio is currently 43.69%.

Analysts Set New Price Targets

Several equities research analysts have commented on MSCI shares. Argus upped their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their price objective on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, UBS Group upped their price objective on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $591.00.

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.