MSCI Inc. (NYSE:MSCI) Stock Position Lifted by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. lifted its holdings in MSCI Inc. (NYSE:MSCI) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,940 shares of the technology company’s stock after purchasing an additional 190 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in MSCI were worth $935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of MSCI. Rise Advisors LLC bought a new position in MSCI during the first quarter valued at about $26,000. Rothschild Investment LLC bought a new position in MSCI during the second quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the 1st quarter valued at $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI in the 2nd quarter valued at $40,000. Finally, Carolinas Wealth Consulting LLC boosted 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 during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.7 %

Shares of NYSE:MSCI opened at $551.41 on Friday. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39. The firm has a market capitalization of $43.68 billion, a PE ratio of 37.64, a PEG ratio of 3.06 and a beta of 1.11. The business’s 50 day moving average is $548.98 and its 200-day moving average is $521.88.

MSCI (NYSE:MSCI) last posted its earnings results 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 business 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%. MSCI’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $3.26 EPS. On average, sell-side analysts predict that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Dividend Announcement

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. The ex-dividend date was Friday, August 16th. This represents a $6.40 annualized dividend and a yield of 1.16%. MSCI’s payout ratio is 43.69%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MSCI shares. The Goldman Sachs Group increased their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. UBS Group increased their price objective on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised MSCI to a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday, July 24th. Finally, Barclays increased their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. 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.com, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $591.00.

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.