Kolinsky Wealth Management LLC Buys Shares of 350 MSCI Inc. (NYSE:MSCI)

Kolinsky Wealth Management LLC purchased a new stake in MSCI Inc. (NYSE:MSCI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 350 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in MSCI in the 2nd quarter valued at approximately $26,000. HWG Holdings LP bought a new position in shares of MSCI in the second quarter worth $27,000. Ridgewood Investments LLC acquired a new position in shares of MSCI during the second quarter valued at $40,000. Ashton Thomas Securities LLC bought a new stake in shares of MSCI during the third quarter valued at about $40,000. Finally, Planning Capital Management Corp lifted its holdings in MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the period. Institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSCI shares. Evercore ISI assumed coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, UBS Group cut their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Stock Up 0.6 %

NYSE:MSCI opened at $608.75 on Friday. The stock has a fifty day simple moving average of $591.03 and a 200 day simple moving average of $545.78. The firm has a market capitalization of $47.71 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.11. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70.

MSCI (NYSE:MSCI) last announced its 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. 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 period last year, the company posted $3.45 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts predict that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given 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 was Friday, November 15th. MSCI’s 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.