State of Tennessee Treasury Department boosted its holdings in shares of MSCI Inc (NYSE:MSCI) by 57.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,000 shares of the technology company’s stock after purchasing an additional 30,000 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.09% of MSCI worth $9,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Penserra Capital Management LLC acquired a new position in shares of MSCI during the second quarter valued at approximately $101,000. Dupont Capital Management Corp acquired a new position in shares of MSCI during the third quarter valued at approximately $105,000. Toronto Dominion Bank raised its holdings in shares of MSCI by 13.7% during the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after acquiring an additional 134 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of MSCI during the third quarter valued at approximately $201,000. Finally, Advisor Partners LLC acquired a new position in shares of MSCI during the second quarter valued at approximately $211,000. Institutional investors own 95.63% of the company’s stock.

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A number of equities analysts have commented on the company. UBS AG increased their target price on MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reissued a “buy” rating and set a $126.00 target price on shares of MSCI in a report on Thursday, November 2nd. Morgan Stanley reissued an “equal weight” rating and set a $97.00 target price (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Finally, Barclays PLC assumed coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $127.17.

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 value of $252,584.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.26% of the stock is currently owned by company insiders.

Shares of MSCI Inc (NYSE MSCI) opened at $125.02 on Friday. MSCI Inc has a fifty-two week low of $76.52 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 5.77, a current ratio of 2.05 and a quick ratio of 1.96. The company has a market capitalization of $11,518.00, a P/E ratio of 35.13, a P/E/G ratio of 3.35 and a beta of 0.86.

MSCI (NYSE:MSCI) last posted 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 quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts forecast that MSCI Inc will post 3.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. MSCI’s dividend payout ratio is presently 45.37%.

About MSCI

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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