OneAscent Financial Services LLC Has $375,000 Position in MSCI Inc. (NYSE:MSCI)

OneAscent Financial Services LLC lowered its position in shares of MSCI Inc. (NYSE:MSCI) by 16.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 643 shares of the technology company’s stock after selling 123 shares during the quarter. OneAscent Financial Services LLC’s holdings in MSCI were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSCI. Rothschild Investment LLC acquired a new position in MSCI during the second quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of MSCI in the second quarter valued at approximately $27,000. Crewe Advisors LLC bought a new stake in shares of MSCI during the first quarter worth $34,000. Ridgewood Investments LLC bought a new stake in shares of MSCI during the second quarter worth $40,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of MSCI during the third quarter worth $40,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $593.12 on Tuesday. The stock has a market cap of $46.48 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.09 and a beta of 1.11. The company has a fifty day moving average price of $584.32 and a two-hundred day moving average price of $539.21. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (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 company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter last year, the company posted $3.45 EPS. MSCI’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio is 42.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. Morgan Stanley increased their target price on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Finally, Barclays increased their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.