MSCI Inc. (NYSE:MSCI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in shares of MSCI Inc. (NYSE:MSCI) by 67.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 644 shares of the technology company’s stock after selling 1,319 shares during the period. Intech Investment Management LLC’s holdings in MSCI were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC increased its position in MSCI by 30.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after purchasing an additional 130 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of MSCI during the second quarter worth about $91,748,000. Grove Bank & Trust raised its position in shares of MSCI by 52.4% in the third quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after buying an additional 1,299 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of MSCI by 207.9% during the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after buying an additional 1,996 shares during the period. Finally, Xponance Inc. boosted its position in MSCI by 29.6% during the second quarter. Xponance Inc. now owns 21,384 shares of the technology company’s stock worth $10,302,000 after acquiring an additional 4,890 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE:MSCI opened at $608.06 on Wednesday. The business’s 50-day moving average is $592.95 and its two-hundred day moving average is $548.09. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The firm has a market capitalization of $47.65 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.10.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. During the same period last year, the company posted $3.45 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

Analysts Set New Price Targets

MSCI has been the subject of several analyst reports. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a report on Wednesday, October 9th. UBS Group reduced their target price on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays boosted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price target on shares of MSCI 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

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.