Mutual of America Capital Management LLC Has $4.81 Million Position in MSCI Inc. (NYSE:MSCI)

Mutual of America Capital Management LLC decreased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,989 shares of the technology company’s stock after selling 2,763 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSCI were worth $4,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Rise Advisors LLC acquired a new position in shares of MSCI in the first quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new position in MSCI in the 2nd quarter valued at $26,000. Crewe Advisors LLC bought a new position in MSCI during the 1st quarter worth $34,000. Ridgewood Investments LLC acquired a new stake in shares of MSCI during the second quarter worth $40,000. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of MSCI by 36.1% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after acquiring an additional 26 shares during the period. 89.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several analyst reports. Wells Fargo & Company upgraded shares of MSCI to a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research note on Wednesday, July 24th. Morgan Stanley upped their target price on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. UBS Group raised their price target on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group upped their price objective on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.00.

MSCI Trading Down 0.7 %

MSCI opened at $551.41 on Friday. The company has a market cap of $43.68 billion, a P/E ratio of 37.64, a PEG ratio of 3.06 and a beta of 1.11. The company’s 50 day moving average is $548.98 and its 200-day moving average is $521.68. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last issued its 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. The firm had revenue of $707.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $3.26 earnings per share. On average, equities analysts forecast that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Dividend Announcement

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 $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a yield of 1.16%. MSCI’s payout ratio is presently 43.69%.

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.