809 Shares in MSCI Inc. (NYSE:MSCI) Bought by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC acquired a new position in MSCI Inc. (NYSE:MSCI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 809 shares of the technology company’s stock, valued at approximately $390,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Nordea Investment Management AB lifted its position in shares of MSCI by 9.7% during the first quarter. Nordea Investment Management AB now owns 239,933 shares of the technology company’s stock worth $134,475,000 after purchasing an additional 21,310 shares during the last quarter. Evoke Wealth LLC boosted its position in MSCI by 18.4% in the 4th quarter. Evoke Wealth LLC now owns 13,720 shares of the technology company’s stock valued at $7,761,000 after buying an additional 2,135 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in MSCI in the 4th quarter worth about $959,000. Nomura Holdings Inc. purchased a new position in shares of MSCI during the fourth quarter worth approximately $904,000. Finally, Principal Financial Group Inc. increased its position in shares of MSCI by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 819,422 shares of the technology company’s stock worth $463,506,000 after acquiring an additional 57,342 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MSCI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday, July 24th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price objective for the company in a report on Monday, May 13th. Morgan Stanley increased their target price on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of MSCI from a “hold” rating to a “buy” rating and reduced their price target for the company from $613.00 to $569.00 in a report on Wednesday, April 24th. Finally, Barclays increased their price objective on shares of MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $584.79.

MSCI Stock Performance

MSCI stock traded up $0.12 during trading on Friday, reaching $561.66. The company had a trading volume of 365,234 shares, compared to its average volume of 580,741. The company has a market cap of $44.50 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.10. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39. The firm has a 50-day simple moving average of $509.12 and a 200-day simple moving average of $523.55.

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

MSCI Announces Dividend

The company 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 1.14%. The ex-dividend date is Friday, August 16th. MSCI’s payout ratio is 43.69%.

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.