SRN Advisors LLC Acquires 128 Shares of MSCI Inc. (NYSE:MSCI)

SRN Advisors LLC boosted its holdings in MSCI Inc. (NYSE:MSCI) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,495 shares of the technology company’s stock after buying an additional 128 shares during the period. SRN Advisors LLC’s holdings in MSCI were worth $1,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MSCI. Rise Advisors LLC bought a new stake in shares of MSCI during the first quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in MSCI during the first quarter worth $34,000. American National Bank raised its stake in MSCI by 1,300.0% during the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after acquiring an additional 65 shares in the last quarter. First United Bank & Trust acquired a new position in MSCI during the fourth quarter worth $48,000. Finally, Carolinas Wealth Consulting LLC raised its stake in MSCI by 36.1% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock worth $55,000 after acquiring an additional 26 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Trading Down 1.5 %

MSCI traded down $8.05 on Friday, reaching $539.85. The stock had a trading volume of 635,048 shares, compared to its average volume of 583,697. The firm has a 50-day moving average of $499.94 and a 200-day moving average of $524.36. The company has a market capitalization of $42.77 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 3.00 and a beta of 1.10. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.09. The business had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. Sell-side analysts anticipate that MSCI Inc. will post 14.78 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Argus raised their target price on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. UBS Group raised their target price on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their target price on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and lowered their target price for the company from $613.00 to $569.00 in a research note on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.21.

About MSCI

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.