MSCI Inc. (NYSE:MSCI) Shares Bought by Ghe LLC

Ghe LLC grew its holdings in MSCI Inc. (NYSE:MSCI) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,472 shares of the technology company’s stock after purchasing an additional 583 shares during the period. MSCI makes up 1.3% of Ghe LLC’s portfolio, making the stock its 16th biggest position. Ghe LLC’s holdings in MSCI were worth $3,190,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of MSCI in the second quarter valued at $26,000. HWG Holdings LP purchased a new stake in shares of MSCI during the second quarter worth $27,000. Crewe Advisors LLC purchased a new stake in shares of MSCI during the first quarter worth $34,000. Ridgewood Investments LLC purchased a new stake in shares of MSCI during the second quarter worth $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of MSCI during the third quarter worth $40,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSCI. UBS Group lowered their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays increased their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company increased their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Seven investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Price Performance

Shares of NYSE:MSCI traded up $7.14 during trading on Wednesday, reaching $609.78. The stock had a trading volume of 8,813 shares, compared to its average volume of 540,736. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The business’s 50-day moving average price is $581.48 and its 200 day moving average price is $535.52. The stock has a market capitalization of $47.79 billion, a PE ratio of 39.57, a P/E/G ratio of 3.10 and a beta of 1.11.

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. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter in the previous year, the company posted $3.45 earnings per share. MSCI’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The company also recently disclosed 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. This represents a $6.40 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio is 42.02%.

MSCI Company 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.