MSCI Inc. (NYSE:MSCI) Shares Acquired by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. boosted its position in MSCI Inc. (NYSE:MSCI) by 223.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,186 shares of the technology company’s stock after buying an additional 8,417 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in MSCI were worth $5,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of MSCI by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock valued at $4,886,777,000 after buying an additional 36,043 shares during the last quarter. Capital International Investors grew its holdings in shares of MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock valued at $972,111,000 after purchasing an additional 9,304 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of MSCI by 74.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after purchasing an additional 623,712 shares during the period. Sustainable Growth Advisers LP lifted its holdings in shares of MSCI by 1.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock worth $741,508,000 after purchasing an additional 23,217 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in MSCI by 4.4% during the 4th quarter. Brown Advisory Inc. now owns 1,038,761 shares of the technology company’s stock valued at $587,575,000 after purchasing an additional 44,234 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Down 1.9 %

MSCI stock traded down $10.81 during trading hours on Friday, hitting $559.85. 429,718 shares of the stock traded hands, compared to its average volume of 565,400. The stock has a 50-day simple moving average of $535.55 and a 200 day simple moving average of $522.16. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39. The company has a market cap of $44.35 billion, a P/E ratio of 38.22, a P/E/G ratio of 3.16 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.26 EPS. Analysts forecast that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio is presently 43.69%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised shares of MSCI to a “hold” rating in a report on Tuesday, August 13th. UBS Group boosted their target price on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Finally, Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price objective for the company in a report on Monday, May 13th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $584.79.

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.