Capital Performance Advisors LLP Invests $94,000 in MSCI Inc. (NYSE:MSCI)

Capital Performance Advisors LLP purchased a new stake in shares of MSCI Inc. (NYSE:MSCI) in the third quarter, Holdings Channel.com reports. The fund purchased 161 shares of the technology company’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of MSCI by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,786 shares of the technology company’s stock valued at $3,803,000 after buying an additional 168 shares during the last quarter. Empowered Funds LLC raised its stake in shares of MSCI by 215.0% in the first quarter. Empowered Funds LLC now owns 2,838 shares of the technology company’s stock worth $1,591,000 after acquiring an additional 1,937 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of MSCI by 157.5% during the first quarter. Wealthspire Advisors LLC now owns 1,218 shares of the technology company’s stock worth $683,000 after purchasing an additional 745 shares in the last quarter. Forsta AP Fonden grew its stake in shares of MSCI by 8.0% during the first quarter. Forsta AP Fonden now owns 24,200 shares of the technology company’s stock valued at $13,563,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in shares of MSCI by 118.9% in the first quarter. Susquehanna Fundamental Investments LLC now owns 5,843 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 3,174 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MSCI. Argus increased their price objective on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI began coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Finally, Barclays boosted their price target on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Stock Up 3.2 %

MSCI opened at $594.00 on Friday. The stock has a market cap of $46.55 billion, a P/E ratio of 39.00, a P/E/G ratio of 2.99 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The company has a fifty day simple moving average of $580.58 and a 200 day simple moving average of $532.62.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. The firm had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.45 earnings per share. On average, equities research analysts expect that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.08%. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

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.