BNP Paribas Has $10.95 Million Holdings in MSCI Inc. (NYSE:MSCI)

BNP Paribas decreased its stake in shares of MSCI Inc. (NYSE:MSCI) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,785 shares of the technology company’s stock after selling 1,234 shares during the period. BNP Paribas’ holdings in MSCI were worth $10,947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its position in MSCI by 30.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after acquiring an additional 130 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in MSCI during the second quarter worth approximately $91,748,000. Grove Bank & Trust increased its position in MSCI by 52.4% during the third quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock worth $2,203,000 after buying an additional 1,299 shares during the last quarter. LBP AM SA bought a new stake in MSCI in the first quarter valued at approximately $778,000. Finally, Cetera Advisors LLC lifted its position in shares of MSCI by 207.9% in the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after buying an additional 1,996 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSCI has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. UBS Group lowered their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI assumed coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Trading Up 1.6 %

Shares of NYSE:MSCI opened at $601.96 on Wednesday. The stock has a market cap of $47.18 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 3.08 and a beta of 1.11. The stock’s fifty day simple moving average is $587.82 and its two-hundred day simple moving average is $544.08. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $631.70.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $3.45 EPS. On average, sell-side analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s payout ratio is 42.02%.

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.