MSCI Inc. (NYSE:MSCI) is Ycg LLC’s 9th Largest Position

Ycg LLC raised its position in MSCI Inc. (NYSE:MSCI) by 20.0% during the second quarter, Holdings Channel.com reports. The fund owned 106,365 shares of the technology company’s stock after purchasing an additional 17,754 shares during the quarter. MSCI accounts for approximately 4.2% of Ycg LLC’s investment portfolio, making the stock its 9th largest position. Ycg LLC’s holdings in MSCI were worth $51,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bowie Capital Management LLC raised its holdings in shares of MSCI by 42.3% during the second quarter. Bowie Capital Management LLC now owns 160,702 shares of the technology company’s stock valued at $77,418,000 after acquiring an additional 47,802 shares in the last quarter. Caprock Group LLC lifted its position in shares of MSCI by 137.2% in the 2nd quarter. Caprock Group LLC now owns 2,310 shares of the technology company’s stock worth $1,113,000 after purchasing an additional 1,336 shares during the period. Acadian Asset Management LLC boosted its stake in shares of MSCI by 119.9% during the 2nd quarter. Acadian Asset Management LLC now owns 10,929 shares of the technology company’s stock valued at $5,262,000 after purchasing an additional 5,959 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of MSCI during the second quarter valued at about $232,000. Finally, EFG Asset Management Americas Corp. raised its stake in MSCI by 223.3% in the second quarter. EFG Asset Management Americas Corp. now owns 12,186 shares of the technology company’s stock worth $5,871,000 after buying an additional 8,417 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Stock Performance

Shares of NYSE:MSCI traded down $10.81 during trading on Friday, reaching $559.85. 429,718 shares of the stock traded hands, compared to its average volume of 565,400. The stock has a market cap of $44.35 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The stock has a 50-day moving average of $535.55 and a two-hundred day moving average of $521.92. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39.

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

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given 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 dividend yield of 1.14%. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company raised MSCI to a “hold” rating in a research report on Tuesday, August 13th. UBS Group upped their price target on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Redburn Atlantic upgraded 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. The Goldman Sachs Group boosted their target price on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Barclays upped their target price on shares of MSCI from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, MSCI has a consensus rating of “Moderate Buy” and a consensus price target 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.