MSCI Inc $MSCI Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its position in shares of MSCI Inc (NYSE:MSCI) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,944 shares of the technology company’s stock after selling 103 shares during the period. Frank Rimerman Advisors LLC’s holdings in MSCI were worth $1,121,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Citigroup Inc. boosted its stake in MSCI by 25.4% during the 2nd quarter. Citigroup Inc. now owns 147,833 shares of the technology company’s stock valued at $85,261,000 after purchasing an additional 29,990 shares during the period. Symphony Financial Ltd. Co. bought a new stake in shares of MSCI during the second quarter valued at approximately $46,568,000. Generali Investments Management Co LLC acquired a new position in shares of MSCI during the second quarter worth approximately $62,000. Westpac Banking Corp grew its holdings in MSCI by 1,628.8% in the 2nd quarter. Westpac Banking Corp now owns 9,595 shares of the technology company’s stock worth $5,534,000 after buying an additional 9,040 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in MSCI by 51.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 730 shares of the technology company’s stock worth $421,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

NYSE MSCI opened at $556.74 on Wednesday. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The business’s fifty day moving average is $563.87 and its two-hundred day moving average is $563.32. The stock has a market capitalization of $41.83 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.76 and a beta of 1.34.

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, topping the consensus estimate of $4.37 by $0.10. The business had revenue of $793.43 million during the quarter, compared to analyst estimates of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $3.86 EPS. On average, research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI announced that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors 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 dividend on an annualized basis and a yield of 1.3%. MSCI’s dividend payout ratio (DPR) is currently 45.63%.

Analyst Ratings Changes

MSCI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a research note on Friday, July 25th. Wells Fargo & Company upped their price objective on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Barclays raised their target price on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

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.