Prescott Group Capital Management L.L.C. Purchases 242 Shares of MSCI Inc $MSCI

Prescott Group Capital Management L.L.C. increased its position in MSCI Inc (NYSE:MSCI) by 49.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 729 shares of the technology company’s stock after purchasing an additional 242 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in MSCI were worth $420,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in shares of MSCI by 136.4% during the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after buying an additional 30 shares during the period. Steph & Co. bought a new position in MSCI in the second quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after acquiring an additional 22 shares during the period. Banque Transatlantique SA raised its position in shares of MSCI by 355.6% during the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of MSCI by 2,666.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock valued at $47,000 after purchasing an additional 80 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Performance

Shares of MSCI stock opened at $582.50 on Friday. The company has a market capitalization of $43.77 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34. The company’s 50 day moving average price is $562.55 and its two-hundred day moving average price is $561.69. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results 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. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The company had revenue of $793.43 million during the quarter, compared to analysts’ expectations of $794.87 million. During the same quarter in the prior year, the company earned $3.86 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts forecast that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.2%. MSCI’s dividend payout ratio (DPR) is currently 45.63%.

MSCI declared that its board has authorized a stock repurchase program on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MSCI has been the subject of a number of analyst reports. Weiss Ratings cut MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Barclays boosted their target price on MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group increased their target price on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $655.90.

About MSCI

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.