18,695 Shares in MSCI Inc. (NYSE:MSCI) Bought by Overbrook Management Corp

Overbrook Management Corp purchased a new position in MSCI Inc. (NYSE:MSCI) during the second quarter, Holdings Channel reports. The firm purchased 18,695 shares of the technology company’s stock, valued at approximately $9,006,000. MSCI accounts for 2.3% of Overbrook Management Corp’s portfolio, making the stock its 20th largest position.

Other hedge funds also recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of MSCI in the first quarter worth $26,000. Crewe Advisors LLC bought a new position in shares of MSCI in the first quarter worth $34,000. American National Bank increased its position in shares of MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after purchasing an additional 65 shares during the period. First United Bank & Trust bought a new position in shares of MSCI in the fourth quarter worth $48,000. Finally, Carolinas Wealth Consulting LLC grew its position in MSCI by 36.1% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock traded up $6.46 during midday trading on Friday, reaching $571.19. The company had a trading volume of 380,658 shares, compared to its average volume of 575,009. The stock has a fifty day moving average price of $517.13 and a 200 day moving average price of $522.02. The firm has a market cap of $45.25 billion, a PE ratio of 38.99, a P/E/G ratio of 3.00 and a beta of 1.10. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The company had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.26 earnings per share. As a group, sell-side analysts forecast that MSCI Inc. will post 14.78 EPS for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

Analyst Ratings Changes

A number of research firms have issued reports on MSCI. Barclays lifted their target price on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. UBS Group lifted their target price on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $485.00 target price on the stock in a research report on Monday, May 13th. Bank of America upgraded MSCI from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $425.00 to $525.00 in a research report on Tuesday, April 30th. Finally, Wells Fargo & Company upgraded MSCI to a “hold” rating in a research report on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.79.

MSCI 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.