Glenmede Trust Co. NA Has $16.41 Million Stake in MSCI Inc. (NYSE:MSCI)

Glenmede Trust Co. NA increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 51.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,148 shares of the technology company’s stock after acquiring an additional 9,527 shares during the quarter. Glenmede Trust Co. NA’s holdings in MSCI were worth $16,408,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSCI. Edgewood Management LLC increased its holdings in shares of MSCI by 16.9% in the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after purchasing an additional 318,214 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in MSCI by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock valued at $925,531,000 after buying an additional 198,666 shares during the last quarter. Principal Financial Group Inc. grew its stake in MSCI by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after buying an additional 37,340 shares during the last quarter. American Century Companies Inc. raised its holdings in MSCI by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after acquiring an additional 13,620 shares during the period. Finally, PineStone Asset Management Inc. lifted its position in 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 acquiring an additional 412,389 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MSCI shares. Evercore ISI began coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Morgan Stanley increased their price objective on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. UBS Group lowered their price target 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. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Price Performance

NYSE MSCI opened at $604.96 on Friday. The business has a fifty day moving average price of $589.88 and a two-hundred day moving average price of $544.93. The stock has a market capitalization of $47.41 billion, a PE ratio of 39.72, a PEG ratio of 3.08 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70.

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

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 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.