Oppenheimer & Co. Inc. Takes $207,000 Position in MSCI Inc. (NYSE:MSCI)

Oppenheimer & Co. Inc. acquired a new stake in MSCI Inc. (NYSE:MSCI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 355 shares of the technology company’s stock, valued at approximately $207,000.

A number of other hedge funds also recently made changes to their positions in the business. Frank Rimerman Advisors LLC raised its stake in shares of MSCI by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after buying an additional 17 shares in the last quarter. Conning Inc. raised its stake in shares of MSCI by 4.1% in the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after buying an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of MSCI by 3.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after buying an additional 20 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after buying an additional 20 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of MSCI by 3.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 618 shares of the technology company’s stock valued at $298,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE:MSCI opened at $589.57 on Friday. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 3.02 and a beta of 1.11. The firm’s 50 day simple moving average is $586.39 and its 200 day simple moving average is $541.98. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70.

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

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.09%. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MSCI shares. Evercore ISI started coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Barclays upped their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. UBS Group lowered their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley upped their target price on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

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.