Hohimer Wealth Management LLC Makes New Investment in MSCI Inc. (NYSE:MSCI)

Hohimer Wealth Management LLC purchased a new stake in MSCI Inc. (NYSE:MSCI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,494 shares of the technology company’s stock, valued at approximately $720,000.

A number of other institutional investors have also recently added to or reduced their stakes in MSCI. Legacy Advisors LLC raised its holdings in shares of MSCI by 2.8% during the fourth quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock valued at $376,000 after buying an additional 18 shares during the last quarter. Conning Inc. boosted its position in MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after acquiring an additional 19 shares during the period. Sompo Asset Management Co. Ltd. increased its holdings in shares of MSCI by 1.0% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after purchasing an additional 20 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after purchasing an additional 20 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in MSCI by 5.0% during 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 during the period. 89.97% of the stock is currently owned by institutional investors.

MSCI Trading Down 0.4 %

Shares of MSCI stock opened at $570.66 on Friday. The company has a market capitalization of $45.21 billion, a P/E ratio of 38.95, a P/E/G ratio of 3.16 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39. The stock has a 50 day moving average of $533.98 and a two-hundred day moving average of $522.22.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating 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 company had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. During the same period in the previous year, the business earned $3.26 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Sell-side analysts predict that MSCI Inc. will post 14.79 earnings per share for the current fiscal year.

MSCI Announces Dividend

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 dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 annualized dividend and a yield of 1.12%. MSCI’s dividend payout ratio is currently 43.69%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSCI shares. Wells Fargo & Company upgraded MSCI to a “hold” rating in a research report on Tuesday, August 13th. Morgan Stanley increased their target price on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group raised their target price on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price target on the stock in a report on Monday, May 13th. Finally, Barclays increased their price objective on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.79.

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.