MCIA Inc Cuts Stock Position in MSCI Inc. (NYSE:MSCI)

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MCIA Inc lessened its holdings in MSCI Inc. (NYSE:MSCIGet Rating) by 23.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,070 shares of the technology company’s stock after selling 332 shares during the quarter. MCIA Inc’s holdings in MSCI were worth $520,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Equitec Proprietary Markets LLC purchased a new position in shares of MSCI in the 4th quarter valued at $26,000. AdvisorNet Financial Inc increased its stake in MSCI by 113.0% during the 4th quarter. AdvisorNet Financial Inc now owns 49 shares of the technology company’s stock worth $30,000 after buying an additional 26 shares during the period. Glassman Wealth Services increased its stake in MSCI by 50.0% during the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after buying an additional 20 shares during the period. FinTrust Capital Advisors LLC increased its stake in MSCI by 293.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 63 shares of the technology company’s stock worth $38,000 after buying an additional 47 shares during the period. Finally, Carolinas Wealth Consulting LLC increased its stake in MSCI by 56.5% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock worth $44,000 after buying an additional 26 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MSCI traded up $2.05 during midday trading on Wednesday, hitting $402.30. The company’s stock had a trading volume of 1,709 shares, compared to its average volume of 444,158. MSCI Inc. has a 1-year low of $376.41 and a 1-year high of $679.85. The firm’s fifty day moving average price is $427.05 and its 200-day moving average price is $498.82. The firm has a market cap of $32.69 billion, a P/E ratio of 43.67 and a beta of 1.07.

MSCI (NYSE:MSCIGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The technology company reported $2.98 EPS for the quarter, beating the consensus estimate of $2.74 by $0.24. The business had revenue of $559.90 million during the quarter, compared to analyst estimates of $563.18 million. MSCI had a net margin of 35.65% and a negative return on equity of 205.88%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS. On average, equities research analysts forecast that MSCI Inc. will post 11.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Friday, May 13th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, May 12th. MSCI’s payout ratio is 45.61%.

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of MSCI in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of MSCI from $533.00 to $477.00 in a research report on Wednesday, April 27th. Barclays dropped their target price on shares of MSCI from $700.00 to $570.00 in a research report on Wednesday, April 27th. The Goldman Sachs Group initiated coverage on shares of MSCI in a research report on Friday, April 1st. They issued a “neutral” rating and a $553.00 target price for the company. Finally, Royal Bank of Canada dropped their target price on shares of MSCI from $720.00 to $600.00 in a research report on Friday, April 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus price target of $558.57.

MSCI Company Profile (Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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