MSCI Inc. (NYSE:MSCI) Shares Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its holdings in shares of MSCI Inc. (NYSE:MSCIFree Report) by 57.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,309 shares of the technology company’s stock after purchasing an additional 1,209 shares during the quarter. Meitav Investment House Ltd.’s holdings in MSCI were worth $1,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MSCI. Vanguard Group Inc. lifted its stake in shares of MSCI by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock worth $4,886,777,000 after purchasing an additional 36,043 shares in the last quarter. Capital International Investors lifted its position in MSCI by 0.5% during the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after acquiring an additional 9,304 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in MSCI by 74.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after acquiring an additional 623,712 shares during the period. Sustainable Growth Advisers LP boosted its holdings in MSCI by 1.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock worth $741,508,000 after acquiring an additional 23,217 shares during the period. Finally, American Century Companies Inc. grew its position in MSCI by 1.3% in the second 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 in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several analyst reports. Evercore ISI assumed coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. UBS Group decreased their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday. 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. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $624.23.

Read Our Latest Analysis on MSCI

MSCI Stock Up 0.7 %

MSCI stock opened at $573.03 on Thursday. The firm’s 50-day simple moving average is $579.95 and its 200 day simple moving average is $529.34. The stock has a market cap of $45.07 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 3.09 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:MSCIGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. MSCI’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.45 earnings per share. Equities analysts forecast that MSCI Inc. will post 14.83 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio is currently 42.87%.

MSCI Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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