Lindbrook Capital LLC Boosts Stake in MSCI Inc. (NYSE:MSCI)

Lindbrook Capital LLC grew its stake in MSCI Inc. (NYSE:MSCI) by 56.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 282 shares of the technology company’s stock after buying an additional 102 shares during the period. Lindbrook Capital LLC’s holdings in MSCI were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. abrdn plc raised its holdings in shares of MSCI by 346.0% during the fourth quarter. abrdn plc now owns 108,080 shares of the technology company’s stock worth $61,135,000 after purchasing an additional 83,849 shares during the last quarter. CNB Bank raised its holdings in shares of MSCI by 7.5% during the fourth quarter. CNB Bank now owns 859 shares of the technology company’s stock worth $486,000 after purchasing an additional 60 shares during the last quarter. Greenleaf Trust raised its holdings in shares of MSCI by 2.1% during the fourth quarter. Greenleaf Trust now owns 2,684 shares of the technology company’s stock worth $1,518,000 after purchasing an additional 54 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of MSCI by 7.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,005 shares of the technology company’s stock worth $568,000 after purchasing an additional 72 shares during the last quarter. Finally, Dock Street Asset Management Inc. raised its holdings in shares of MSCI by 0.9% during the fourth quarter. Dock Street Asset Management Inc. now owns 42,147 shares of the technology company’s stock worth $23,840,000 after purchasing an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 13.4 %

Shares of NYSE MSCI opened at $446.09 on Wednesday. The company’s 50-day simple moving average is $547.91 and its 200-day simple moving average is $539.08. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The firm has a market cap of $35.34 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.06.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.06. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.47 million. During the same quarter last year, the business earned $3.14 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that MSCI Inc. will post 14.84 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.43%. MSCI’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MSCI shares. Redburn Atlantic cut shares of MSCI from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $620.00 to $470.00 in a report on Tuesday, February 20th. Oppenheimer reduced their target price on shares of MSCI from $659.00 to $648.00 and set an “outperform” rating for the company in a report on Tuesday, April 9th. Raymond James restated a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. StockNews.com lowered shares of MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Wolfe Research started coverage on shares of MSCI in a research report on Tuesday, March 26th. They set a “peer perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, MSCI has an average rating of “Hold” and a consensus target price of $581.57.

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.