Bowie Capital Management LLC Boosts Position in MSCI Inc. (NYSE:MSCI)

Bowie Capital Management LLC lifted its position in MSCI Inc. (NYSE:MSCI) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,357 shares of the technology company’s stock after acquiring an additional 7,655 shares during the quarter. MSCI accounts for 5.1% of Bowie Capital Management LLC’s portfolio, making the stock its 7th largest position. Bowie Capital Management LLC’s holdings in MSCI were worth $98,140,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSCI. Rothschild Investment LLC bought a new position in MSCI in the 2nd quarter valued at $26,000. HWG Holdings LP purchased a new stake in shares of MSCI during the second quarter valued at $27,000. Ridgewood Investments LLC bought a new position in shares of MSCI in the second quarter worth about $40,000. Ashton Thomas Securities LLC purchased a new position in MSCI in the 3rd quarter worth about $40,000. Finally, Planning Capital Management Corp lifted its holdings in MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after buying an additional 20 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Trading Up 0.6 %

Shares of MSCI stock traded up $3.28 during trading hours on Monday, reaching $592.85. 11,637 shares of the company’s stock were exchanged, compared to its average volume of 541,883. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70. The stock’s 50 day moving average is $586.39 and its 200-day moving average is $542.48. The company has a market cap of $46.46 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 3.06 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 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $716.15 million. During the same period last year, the business posted $3.45 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio is presently 42.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSCI. Wells Fargo & Company raised their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Evercore ISI initiated coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target on the stock. Morgan Stanley upped their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, UBS Group cut 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $631.83.

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.