MSCI Inc. (NYSE:MSCI) Stock Position Raised by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 669 shares of the technology company’s stock after acquiring an additional 32 shares during the quarter. Axxcess Wealth Management LLC’s holdings in MSCI were worth $390,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC raised its position in shares of MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after purchasing an additional 17 shares during the period. Conning Inc. increased its position in MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after buying an additional 19 shares during the period. Capital Advisors Ltd. LLC lifted its stake in MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after buying an additional 20 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of 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 acquiring an additional 20 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of 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 acquiring an additional 21 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 1.3 %

MSCI stock opened at $610.53 on Thursday. The company’s 50-day moving average is $581.48 and its two-hundred day moving average is $535.52. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The company has a market cap of $47.85 billion, a PE ratio of 40.09, a PEG ratio of 3.13 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter in the prior year, the company earned $3.45 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. MSCI’s payout ratio is presently 42.02%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSCI. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. Barclays boosted their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. UBS Group lowered their target price on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI started coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Finally, Morgan Stanley increased their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $631.83.

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.