Prospera Private Wealth LLC Makes New $100,000 Investment in MSCI Inc. (NYSE:MSCI)

Prospera Private Wealth LLC bought a new stake in MSCI Inc. (NYSE:MSCI) in the third quarter, Holdings Channel reports. The institutional investor bought 172 shares of the technology company’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Frank Rimerman Advisors LLC raised its holdings in shares of MSCI by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after buying an additional 17 shares during the last quarter. Conning Inc. lifted its position in shares of MSCI by 4.1% during the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after purchasing an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of MSCI by 3.8% during the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in MSCI by 35.1% in the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Wells Fargo & Company raised their target price on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Trading Down 0.1 %

Shares of MSCI stock opened at $581.34 on Friday. The stock’s fifty day simple moving average is $585.84 and its 200 day simple moving average is $540.70. The company has a market capitalization of $45.56 billion, a PE ratio of 38.17, a PEG ratio of 3.10 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70.

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

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio is 42.02%.

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.