MSCI Inc $MSCI Shares Purchased by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA boosted its position in shares of MSCI Inc (NYSE:MSCI) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,435 shares of the technology company’s stock after acquiring an additional 89 shares during the period. Middleton & Co. Inc. MA’s holdings in MSCI were worth $7,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MSCI. Quotient Wealth Partners LLC grew its stake in shares of MSCI by 5.9% during the first quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares in the last quarter. Gries Financial LLC lifted its stake in MSCI by 1.3% during the second quarter. Gries Financial LLC now owns 1,505 shares of the technology company’s stock worth $868,000 after purchasing an additional 20 shares during the last quarter. Copperwynd Financial LLC lifted its stake in MSCI by 1.1% during the second quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company’s stock worth $1,034,000 after purchasing an additional 20 shares during the last quarter. Signaturefd LLC increased its stake in MSCI by 1.7% in the first quarter. Signaturefd LLC now owns 1,261 shares of the technology company’s stock valued at $713,000 after purchasing an additional 21 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in MSCI by 8.5% in the second quarter. Harbour Investments Inc. now owns 268 shares of the technology company’s stock valued at $155,000 after purchasing an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

Shares of NYSE MSCI opened at $571.85 on Thursday. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The stock has a fifty day moving average price of $562.03 and a 200 day moving average price of $561.06. The company has a market cap of $42.97 billion, a PE ratio of 36.24, a P/E/G ratio of 2.76 and a beta of 1.33.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to the consensus estimate of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.86 earnings per share. Analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI’s dividend payout ratio is 45.63%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI boosted their price target on shares of MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a research note on Friday, July 25th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their target price on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

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.