Sompo Asset Management Co. Ltd. Purchases 190 Shares of MSCI Inc. (NYSE:MSCI)

Sompo Asset Management Co. Ltd. increased its position in shares of MSCI Inc. (NYSE:MSCI) by 10.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,940 shares of the technology company’s stock after buying an additional 190 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in MSCI were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Legacy Advisors LLC grew its holdings in shares of MSCI by 2.8% during the fourth quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock worth $376,000 after buying an additional 18 shares in the last quarter. Conning Inc. boosted its position in MSCI by 4.1% during the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after purchasing an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in MSCI by 3.8% during the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in MSCI by 5.0% during the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in MSCI by 3.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 618 shares of the technology company’s stock valued at $298,000 after purchasing an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSCI shares. Wells Fargo & Company raised MSCI to a “hold” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group raised their price objective on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Argus lifted their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays lifted their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.00.

MSCI Stock Down 0.7 %

MSCI stock opened at $551.41 on Friday. The firm has a market cap of $43.68 billion, a PE ratio of 37.64, a P/E/G ratio of 3.06 and a beta of 1.11. The business has a 50 day moving average of $548.98 and a 200-day moving average of $521.88. MSCI Inc. has a 12-month low of $439.95 and a 12-month 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, topping the consensus estimate of $3.55 by $0.09. The firm had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $3.26 earnings per share. On average, research analysts expect that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 annualized dividend and a yield of 1.16%. MSCI’s dividend payout ratio is currently 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.