Concurrent Investment Advisors LLC Grows Stake in MSCI Inc. (NYSE:MSCI)

Concurrent Investment Advisors LLC increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423 shares of the technology company’s stock after purchasing an additional 20 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in MSCI were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in MSCI during the second quarter worth approximately $26,000. Legacy Advisors LLC raised its stake in MSCI by 37.6% during the 2nd quarter. Legacy Advisors LLC now owns 1,080 shares of the technology company’s stock worth $520,000 after acquiring an additional 295 shares in the last quarter. Americana Partners LLC lifted its position in MSCI by 93.2% in the second quarter. Americana Partners LLC now owns 1,497 shares of the technology company’s stock valued at $721,000 after acquiring an additional 722 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new position in MSCI in the second quarter valued at $540,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of MSCI during the second quarter worth about $12,052,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSCI has been the subject of several research reports. Barclays boosted their target price on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of MSCI to a “hold” rating in a research report on Tuesday, August 13th. UBS Group lifted their target price on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. 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 research note on Wednesday, July 24th. Finally, Morgan Stanley increased their target price on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $584.79.

MSCI Stock Down 0.1 %

Shares of MSCI stock opened at $572.94 on Thursday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The company’s 50-day simple moving average is $532.31 and its 200-day simple moving average is $521.88. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 3.16 and a beta of 1.10.

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

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $1.60 per share. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.12%. 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.