MSCI Inc. (NYSE:MSCI) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in MSCI Inc. (NYSE:MSCI) by 34.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 686 shares of the technology company’s stock after acquiring an additional 174 shares during the quarter. Summit Trail Advisors LLC’s holdings in MSCI were worth $331,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Rise Advisors LLC acquired a new position in MSCI in the 1st quarter valued at $26,000. Rothschild Investment LLC purchased a new position in MSCI during the second quarter worth about $26,000. Crewe Advisors LLC purchased a new position in MSCI during the first quarter worth about $34,000. Ridgewood Investments LLC acquired a new stake in MSCI in the 2nd quarter worth about $40,000. Finally, Carolinas Wealth Consulting LLC grew its holdings in MSCI by 36.1% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Up 1.6 %

Shares of MSCI stock opened at $560.16 on Tuesday. The business has a 50-day moving average price of $550.16 and a 200 day moving average price of $521.56. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39. The firm has a market cap of $44.38 billion, a P/E ratio of 38.24, a P/E/G ratio of 3.06 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. During the same period in the previous year, the business earned $3.26 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts anticipate that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.14%. MSCI’s payout ratio is currently 43.69%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSCI shares. UBS Group increased their price objective on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Argus increased their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised shares of MSCI to a “hold” rating in a research note on Tuesday, August 13th. Barclays increased their target price on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Morgan Stanley boosted their price target on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Seven 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $591.00.

MSCI Company 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.