Valley Wealth Managers Inc. Purchases Shares of 799 MSCI Inc. (NYSE:MSCI)

Valley Wealth Managers Inc. acquired a new position in MSCI Inc. (NYSE:MSCI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 799 shares of the technology company’s stock, valued at approximately $466,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of MSCI by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock valued at $4,886,777,000 after buying an additional 36,043 shares during the last quarter. Capital International Investors raised its position in MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock valued at $972,111,000 after acquiring an additional 9,304 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in MSCI by 2.6% in the third quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after acquiring an additional 37,340 shares during the period. American Century Companies Inc. boosted its position in MSCI by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock worth $504,855,000 after purchasing an additional 13,620 shares in the last quarter. Finally, PineStone Asset Management Inc. grew its stake in shares of MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after purchasing an additional 412,389 shares during the period. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Price Performance

NYSE MSCI opened at $593.60 on Friday. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The stock has a market capitalization of $46.52 billion, a P/E ratio of 38.98, a PEG ratio of 3.17 and a beta of 1.11. The firm’s 50-day moving average is $583.62 and its two-hundred day moving average is $537.35.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. MSCI’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.45 EPS. As a group, 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. Investors of record on Friday, November 15th will be issued a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.08%. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays lifted their price target on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. Finally, UBS Group dropped 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $631.83.

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.