Overbrook Management Corp Grows Stock Position in MSCI Inc. (NYSE:MSCI)

Overbrook Management Corp lifted its stake in MSCI Inc. (NYSE:MSCI) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,192 shares of the technology company’s stock after purchasing an additional 497 shares during the period. MSCI comprises about 2.6% of Overbrook Management Corp’s holdings, making the stock its 16th largest holding. Overbrook Management Corp’s holdings in MSCI were worth $11,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Principal Financial Group Inc. lifted its holdings in 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 buying an additional 623,712 shares during the last quarter. PineStone Asset Management Inc. increased its position in shares of MSCI by 129.4% during the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after purchasing an additional 412,389 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of MSCI during the second quarter worth about $91,748,000. Swedbank AB acquired a new stake in shares of MSCI during the first quarter worth about $75,957,000. Finally, Assenagon Asset Management S.A. increased its position in shares of MSCI by 358.3% during the third quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock worth $77,900,000 after purchasing an additional 104,474 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Trading Down 2.5 %

Shares of MSCI opened at $582.00 on Thursday. The stock’s 50 day moving average is $585.41 and its two-hundred day moving average is $540.42. The firm has a market capitalization of $45.61 billion, a PE ratio of 38.21, a P/E/G ratio of 3.10 and a beta of 1.11. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.45 EPS. On average, sell-side analysts predict that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 42.02%.

Analysts Set New Price Targets

MSCI has been the topic of a number of research analyst reports. Barclays lifted their target price on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research report on Wednesday, October 9th. Argus lifted their target price on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Finally, UBS Group dropped their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

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.