MSCI Inc $MSCI Shares Sold by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC cut its holdings in shares of MSCI Inc (NYSE:MSCI) by 47.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399 shares of the technology company’s stock after selling 359 shares during the period. Earned Wealth Advisors LLC’s holdings in MSCI were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new stake in MSCI during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its stake in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Steph & Co. acquired a new stake in MSCI during the second quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after purchasing an additional 22 shares during the last quarter. Finally, Banque Transatlantique SA lifted its stake in MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after purchasing an additional 64 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MSCI. Wells Fargo & Company upped their price target on shares of MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday. Weiss Ratings downgraded shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. upped their price target on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research report on Wednesday. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group upped their price target on shares of MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Stock Performance

MSCI stock opened at $588.17 on Friday. The firm has a market cap of $45.50 billion, a PE ratio of 37.27, a P/E/G ratio of 2.76 and a beta of 1.33. The firm’s 50 day moving average price is $561.84 and its two-hundred day moving average price is $560.40. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.10. The firm had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.86 EPS. Equities analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI declared that its Board of Directors has approved a stock buyback program on Tuesday, October 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 14th. MSCI’s dividend payout ratio is currently 45.63%.

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.