MSCI Inc. (NYSE:MSCI) Position Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of MSCI Inc. (NYSE:MSCI) by 511.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,888 shares of the technology company’s stock after acquiring an additional 2,416 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in MSCI were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of MSCI by 40.3% in the 2nd quarter. NewEdge Advisors LLC now owns 8,466 shares of the technology company’s stock worth $4,079,000 after acquiring an additional 2,430 shares during the period. Creative Planning raised its holdings in MSCI by 31.7% during the second quarter. Creative Planning now owns 9,591 shares of the technology company’s stock worth $4,620,000 after purchasing an additional 2,311 shares in the last quarter. Copperwynd Financial LLC acquired a new stake in MSCI in the second quarter worth approximately $678,000. Kathmere Capital Management LLC boosted its stake in MSCI by 31.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 527 shares of the technology company’s stock valued at $254,000 after purchasing an additional 125 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its position in shares of MSCI by 5.8% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,763 shares of the technology company’s stock valued at $6,631,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays upped their price target on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Evercore ISI initiated coverage on shares of MSCI in a research note on Wednesday. They issued an “outperform” rating and a $690.00 price objective on the stock. Morgan Stanley boosted their target price on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upgraded shares of MSCI to a “hold” rating in a report on Tuesday, August 13th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $598.07.

MSCI Stock Up 0.2 %

MSCI opened at $589.72 on Friday. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $617.39. The firm has a market capitalization of $46.72 billion, a P/E ratio of 40.25, a PEG ratio of 2.98 and a beta of 1.11. The stock has a fifty day moving average of $560.60 and a 200-day moving average of $523.10.

MSCI (NYSE:MSCI) last announced 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. 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 analyst estimates of $696.41 million. During the same period last year, the company posted $3.26 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, analysts expect that MSCI Inc. will post 14.79 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 annualized dividend and a yield of 1.09%. MSCI’s dividend payout ratio is presently 43.69%.

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.