Vinva Investment Management Ltd Buys 931 Shares of MSCI Inc. (NYSE:MSCI)

Vinva Investment Management Ltd increased its stake in MSCI Inc. (NYSE:MSCI) by 4.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,844 shares of the technology company’s stock after acquiring an additional 931 shares during the quarter. Vinva Investment Management Ltd’s holdings in MSCI were worth $12,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its stake in shares of MSCI by 85.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 799 shares of the technology company’s stock valued at $410,000 after acquiring an additional 368 shares in the last quarter. Tidal Investments LLC raised its position in MSCI by 80.8% during the 1st quarter. Tidal Investments LLC now owns 4,812 shares of the technology company’s stock valued at $2,696,000 after purchasing an additional 2,150 shares in the last quarter. Comerica Bank lifted its holdings in shares of MSCI by 4.0% in the 1st quarter. Comerica Bank now owns 24,206 shares of the technology company’s stock worth $13,567,000 after buying an additional 923 shares during the period. LBP AM SA bought a new position in shares of MSCI during the 1st quarter worth $778,000. Finally, Virtu Financial LLC bought a new position in shares of MSCI during the 1st quarter worth $1,405,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.5 %

MSCI stock opened at $605.16 on Thursday. The stock has a market capitalization of $47.43 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.11. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The firm has a 50 day moving average of $588.89 and a 200 day moving average of $544.51.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during 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%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 earnings per share. On average, equities research analysts expect that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 42.02%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSCI. Wells Fargo & Company upped their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Evercore ISI assumed coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective on the stock. UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays increased their target price on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.