Wells Fargo & Company MN grew its holdings in MSCI Inc (NYSE:MSCI) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,112 shares of the technology company’s stock after acquiring an additional 19,559 shares during the quarter. Wells Fargo & Company MN owned 0.27% of MSCI worth $28,771,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MSCI. Virginia Retirement Systems ET AL grew its holdings in shares of MSCI by 2.9% during the third quarter. Virginia Retirement Systems ET AL now owns 78,700 shares of the technology company’s stock worth $9,200,000 after buying an additional 2,200 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of MSCI by 10.5% during the third quarter. Legal & General Group Plc now owns 158,718 shares of the technology company’s stock worth $18,554,000 after buying an additional 15,076 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of MSCI by 8.6% during the third quarter. Nordea Investment Management AB now owns 15,551 shares of the technology company’s stock worth $1,818,000 after buying an additional 1,238 shares in the last quarter. NorthCoast Asset Management LLC bought a new position in shares of MSCI during the third quarter worth about $1,211,000. Finally, Texas Yale Capital Corp. grew its holdings in shares of MSCI by 4.8% during the third quarter. Texas Yale Capital Corp. now owns 10,515 shares of the technology company’s stock worth $1,229,000 after buying an additional 477 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

In related news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.26% of the company’s stock.

A number of research firms recently issued reports on MSCI. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. UBS increased their price target on MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley increased their price target on MSCI from $129.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Credit Suisse Group increased their price target on MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $126.00 price target on shares of MSCI in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MSCI currently has an average rating of “Buy” and a consensus price target of $127.17.

Shares of MSCI Inc (NYSE:MSCI) traded up $0.26 during midday trading on Friday, reaching $127.55. The company had a trading volume of 370,800 shares, compared to its average volume of 505,109. MSCI Inc has a 1 year low of $77.75 and a 1 year high of $130.58. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $11,464.41, a PE ratio of 34.97, a PEG ratio of 3.33 and a beta of 0.89.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The firm had revenue of $322.10 million during the quarter, compared to analysts’ expectations of $322.96 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts forecast that MSCI Inc will post 3.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.52 annualized dividend and a yield of 1.19%. MSCI’s dividend payout ratio (DPR) is presently 45.37%.

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MSCI Profile

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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