Cynosure Group LLC Sells 106 Shares of MSCI Inc. (NYSE:MSCI)

Cynosure Group LLC trimmed its holdings in shares of MSCI Inc. (NYSE:MSCI) by 12.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 760 shares of the technology company’s stock after selling 106 shares during the quarter. Cynosure Group LLC’s holdings in MSCI were worth $443,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC grew its holdings in shares of MSCI by 30.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock valued at $329,000 after acquiring an additional 130 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in MSCI in the second quarter valued at approximately $91,748,000. Grove Bank & Trust increased its position in shares of MSCI by 52.4% during the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock worth $2,203,000 after purchasing an additional 1,299 shares during the last quarter. LBP AM SA bought a new stake in shares of MSCI during the 1st quarter worth approximately $778,000. Finally, Cetera Advisors LLC boosted its holdings in shares of MSCI by 207.9% in the 1st 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. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.5 %

MSCI stock opened at $605.16 on Thursday. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The business has a 50-day simple moving average of $588.89 and a 200 day simple moving average of $544.51. The company has a market cap of $47.43 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating 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 company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the previous year, the company earned $3.45 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts anticipate that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. UBS Group lowered their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays raised their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company boosted their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. 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 company presently has an average rating of “Moderate Buy” and a consensus target price 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.