Eventide Asset Management LLC Has $18.07 Million Holdings in MSCI Inc. (NYSE:MSCI)

Eventide Asset Management LLC cut its holdings in shares of MSCI Inc. (NYSE:MSCI) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,001 shares of the technology company’s stock after selling 2,274 shares during the quarter. Eventide Asset Management LLC’s holdings in MSCI were worth $18,071,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in shares of MSCI during the 2nd quarter valued at about $26,000. HWG Holdings LP bought a new position in MSCI in the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of MSCI during the second quarter valued at approximately $40,000. Ashton Thomas Securities LLC bought a new stake in shares of MSCI during the third quarter valued at approximately $40,000. Finally, Planning Capital Management Corp increased its position in shares of MSCI by 35.1% during 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 period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Up 0.5 %

MSCI stock opened at $604.96 on Friday. The business has a 50 day moving average price of $589.88 and a two-hundred day moving average price of $544.93. The company has a market cap of $47.41 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 3.14 and a beta of 1.11. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

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

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.06%. MSCI’s dividend payout ratio is currently 42.02%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, October 30th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a report on Wednesday, October 9th. Morgan Stanley raised their target price on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI assumed coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, MSCI has a consensus rating of “Moderate Buy” and a consensus 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.