Zurcher Kantonalbank Zurich Cantonalbank Has $14.11 Million Stake in MSCI Inc. (NYSE:MSCI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MSCI Inc. (NYSE:MSCI) by 13.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,284 shares of the technology company’s stock after purchasing an additional 3,535 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MSCI were worth $14,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. International Assets Investment Management LLC increased its stake in shares of MSCI by 13,659.5% in the 4th quarter. International Assets Investment Management LLC now owns 10,182 shares of the technology company’s stock valued at $5,759,000 after buying an additional 10,108 shares during the period. Silver Oak Securities Incorporated increased its stake in shares of MSCI by 20,850.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 838 shares of the technology company’s stock valued at $474,000 after buying an additional 834 shares during the period. Gilbert & Cook Inc. increased its stake in shares of MSCI by 17.7% in the 4th quarter. Gilbert & Cook Inc. now owns 672 shares of the technology company’s stock valued at $380,000 after buying an additional 101 shares during the period. Certuity LLC increased its stake in shares of MSCI by 17.1% in the 4th quarter. Certuity LLC now owns 967 shares of the technology company’s stock valued at $547,000 after buying an additional 141 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of MSCI in the 4th quarter valued at $203,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price 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 target on the stock in a research report on Monday, May 13th. Argus raised their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted 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, Barclays boosted their target price on 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $584.79.

MSCI Trading Up 0.3 %

NYSE:MSCI traded up $1.94 on Thursday, hitting $582.09. The company’s stock had a trading volume of 378,679 shares, compared to its average volume of 571,778. The stock has a fifty day moving average of $523.19 and a two-hundred day moving average of $521.83. The firm has a market capitalization of $46.12 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 3.00 and a beta of 1.10. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The company 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 firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.26 earnings per share. As a group, sell-side analysts anticipate that MSCI Inc. will post 14.78 EPS for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 16th. MSCI’s dividend payout ratio is currently 43.69%.

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.