MSCI Inc. (NYSE:MSCI) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its holdings in MSCI Inc. (NYSE:MSCI) by 44.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,166 shares of the technology company’s stock after acquiring an additional 662 shares during the quarter. Diversify Wealth Management LLC’s holdings in MSCI were worth $1,292,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of MSCI in the 2nd quarter valued at $26,000. HWG Holdings LP acquired a new position in shares of MSCI in the 2nd quarter valued at $27,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the 1st quarter valued at $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI in the 2nd quarter valued at $40,000. Finally, American National Bank & Trust acquired a new position in shares of MSCI in the 3rd quarter valued at $58,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Stock Down 1.7 %

Shares of NYSE:MSCI opened at $569.35 on Thursday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70. The company has a 50 day moving average of $579.95 and a two-hundred day moving average of $529.34. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. During the same quarter last year, the company earned $3.45 earnings per share. MSCI’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that MSCI Inc. will post 14.83 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend yield of 1.12%. The ex-dividend date is Friday, November 15th. MSCI’s payout ratio is currently 42.87%.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $624.23.

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.