WealthBridge Capital Management LLC Purchases New Stake in MSCI Inc. (NYSE:MSCI)

WealthBridge Capital Management LLC bought a new stake in MSCI Inc. (NYSE:MSCI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 414 shares of the technology company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MSCI. Nordea Investment Management AB raised its stake in shares of MSCI by 9.7% in the 1st quarter. Nordea Investment Management AB now owns 239,933 shares of the technology company’s stock valued at $134,475,000 after acquiring an additional 21,310 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in shares of MSCI in the 4th quarter valued at $959,000. Nomura Holdings Inc. purchased a new position in MSCI during the 4th quarter valued at about $904,000. Brevan Howard Capital Management LP acquired a new position in MSCI in the 4th quarter valued at about $2,755,000. Finally, State Board of Administration of Florida Retirement System increased its stake in MSCI by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 88,097 shares of the technology company’s stock worth $49,307,000 after purchasing an additional 7,718 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MSCI shares. The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Evercore ISI began coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective on the stock. Morgan Stanley lifted their target price on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded MSCI to a “hold” rating in a report on Tuesday, August 13th. Finally, Argus lifted their price objective on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $598.07.

MSCI Stock Performance

Shares of MSCI stock opened at $584.49 on Tuesday. The stock has a fifty day moving average price of $560.60 and a 200 day moving average price of $522.84. The stock has a market cap of $46.31 billion, a PE ratio of 39.90, a P/E/G ratio of 2.98 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39.

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

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.09%. MSCI’s dividend payout ratio (DPR) is 43.69%.

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.