MSCI Inc. (NYSE:MSCI) Shares Bought by Dash Acquisitions Inc.

Dash Acquisitions Inc. grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,703 shares of the technology company’s stock after buying an additional 325 shares during the quarter. MSCI accounts for about 0.5% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 27th largest holding. Dash Acquisitions Inc.’s holdings in MSCI were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MSCI. Rothschild Investment LLC acquired a new position in MSCI during the 2nd quarter worth $26,000. HWG Holdings LP bought a new stake in MSCI in the second quarter valued at about $27,000. Crewe Advisors LLC acquired a new stake in MSCI during the first quarter valued at approximately $34,000. Ridgewood Investments LLC acquired a new stake in shares of MSCI during the 2nd quarter valued at approximately $40,000. Finally, American National Bank & Trust acquired a new stake in shares of MSCI during the third quarter worth $58,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Up 1.2 %

Shares of MSCI stock opened at $577.95 on Friday. The stock has a 50-day simple moving average of $580.21 and a 200 day simple moving average of $530.08. The stock has a market capitalization of $45.46 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.97 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.45 EPS. On average, sell-side analysts anticipate that MSCI Inc. will post 14.94 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.11%. MSCI’s payout ratio is presently 42.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday. Evercore ISI started coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. Barclays increased their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. The Goldman Sachs Group lifted their target price on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Argus boosted their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.