Meeder Advisory Services Inc. Sells 70 Shares of MSCI Inc. (NYSE:MSCI)

Meeder Advisory Services Inc. reduced its position in shares of MSCI Inc. (NYSE:MSCI) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,785 shares of the technology company’s stock after selling 70 shares during the quarter. Meeder Advisory Services Inc.’s holdings in MSCI were worth $1,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSCI. Capital International Investors increased its position in shares of MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after acquiring an additional 9,304 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of MSCI by 2.6% in the third quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock worth $870,627,000 after purchasing an additional 37,340 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of MSCI by 1.3% in the second quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of MSCI by 129.4% in the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after purchasing an additional 412,389 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of MSCI by 4.2% during the second quarter. Legal & General Group Plc now owns 637,381 shares of the technology company’s stock valued at $307,058,000 after buying an additional 25,497 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $593.12 on Tuesday. The stock has a market capitalization of $46.48 billion, a PE ratio of 38.94, a P/E/G ratio of 3.09 and a beta of 1.11. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70. The business’s fifty day moving average price is $584.32 and its 200-day moving average price is $539.21.

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

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s payout ratio is currently 42.02%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MSCI shares. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a research report on Wednesday, October 9th. Argus raised their price target on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Wells Fargo & Company lifted 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. Finally, Barclays upped their target price on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, MSCI presently has a consensus 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.