Investment Management Corp of Ontario Has $23.39 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

Investment Management Corp of Ontario raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,119 shares of the technology company’s stock after acquiring an additional 800 shares during the quarter. Investment Management Corp of Ontario owned approximately 0.05% of MSCI worth $23,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Rothschild Investment LLC acquired a new position in MSCI in the second quarter valued at approximately $26,000. HWG Holdings LP purchased a new position in MSCI during the second quarter valued at $27,000. True Wealth Design LLC bought a new stake in shares of MSCI in the third quarter worth $38,000. Ridgewood Investments LLC purchased a new position in shares of MSCI in the second quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of MSCI in the third quarter worth about $40,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Down 0.6 %

MSCI stock opened at $605.47 on Tuesday. The company has a market capitalization of $47.45 billion, a P/E ratio of 39.98, a P/E/G ratio of 3.17 and a beta of 1.10. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70. The firm has a 50 day moving average price of $592.00 and a 200-day moving average price of $547.37.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping 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 firm had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the prior year, the business 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 expect that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently announced 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. The ex-dividend date was Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.06%. MSCI’s payout ratio is currently 42.02%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI started 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. Morgan Stanley lifted their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. 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 report on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average price target 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.