Bristol Gate Capital Partners Inc. Buys 37,212 Shares of MSCI Inc. (NYSE:MSCI)

Bristol Gate Capital Partners Inc. boosted its position in MSCI Inc. (NYSE:MSCI) by 24.5% during the second quarter, Holdings Channel reports. The fund owned 189,010 shares of the technology company’s stock after acquiring an additional 37,212 shares during the period. MSCI comprises 4.5% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 12th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in MSCI were worth $91,056,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of MSCI in the 1st quarter worth about $26,000. Rothschild Investment LLC purchased a new stake in MSCI in the second quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in MSCI in the first quarter worth approximately $34,000. Ridgewood Investments LLC bought a new position in MSCI during the second quarter valued at approximately $40,000. Finally, Carolinas Wealth Consulting LLC raised its stake in shares of MSCI by 36.1% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock worth $55,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of research reports. Barclays upped their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. UBS Group upped their price target on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Wells Fargo & Company upgraded MSCI to a “hold” rating in a report on Tuesday, August 13th. The Goldman Sachs Group increased their target price on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Argus raised their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $591.00.

MSCI Stock Up 0.7 %

Shares of MSCI stock opened at $555.31 on Friday. The firm has a market capitalization of $43.99 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 3.06 and a beta of 1.11. The stock has a fifty day moving average of $547.99 and a 200 day moving average of $521.93. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39.

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

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $1.60 per share. 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 1.15%. MSCI’s dividend payout ratio (DPR) is 43.69%.

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.