MSCI Inc. (NYSE:MSCI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MSCI Inc. (NYSE:MSCI) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 30,233 shares of the technology company’s stock after acquiring an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MSCI were worth $17,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CreativeOne Wealth LLC grew its holdings in MSCI by 10.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 4,078 shares of the technology company’s stock valued at $2,377,000 after buying an additional 397 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of MSCI by 51.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 28,148 shares of the technology company’s stock valued at $16,408,000 after acquiring an additional 9,527 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of MSCI by 54.0% in the third quarter. Townsquare Capital LLC now owns 48,720 shares of the technology company’s stock valued at $28,400,000 after purchasing an additional 17,083 shares during the period. Avestar Capital LLC purchased a new stake in shares of MSCI in the third quarter valued at about $219,000. Finally, Brooklyn Investment Group increased its position in MSCI by 9.9% during the third quarter. Brooklyn Investment Group now owns 511 shares of the technology company’s stock worth $298,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MSCI shares. UBS Group dropped their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Price Performance

Shares of NYSE:MSCI opened at $608.75 on Friday. The firm has a market capitalization of $47.71 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The firm’s 50-day moving average is $591.03 and its two-hundred day moving average is $545.78.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. During the same period in the prior year, the firm earned $3.45 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts expect that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s payout ratio is currently 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.