MSCI Inc. (NYSE:MSCI) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co increased its position in MSCI Inc. (NYSE:MSCI) by 5.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,032 shares of the technology company’s stock after acquiring an additional 155 shares during the period. Fiduciary Trust Co’s holdings in MSCI were worth $1,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in MSCI in the 2nd quarter valued at $26,000. HWG Holdings LP acquired a new stake in shares of MSCI during the second quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of MSCI in the third quarter valued at $40,000. Planning Capital Management Corp increased its stake in MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.6 %

MSCI opened at $608.75 on Friday. The firm’s 50 day moving average is $591.03 and its 200-day moving average is $545.78. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70. The firm has a market capitalization of $47.71 billion, a P/E ratio of 39.97, a P/E/G ratio of 3.14 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 EPS. Equities analysts expect that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 42.02%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Morgan Stanley upped their price objective on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a research note on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Company 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.