Catalyst Capital Advisors LLC Has $957,000 Holdings in MSCI Inc. (NYSE:MSCI)

Catalyst Capital Advisors LLC grew its holdings in MSCI Inc. (NYSE:MSCI) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,641 shares of the technology company’s stock after purchasing an additional 161 shares during the period. Catalyst Capital Advisors LLC’s holdings in MSCI were worth $957,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of MSCI during the second quarter worth $26,000. HWG Holdings LP acquired a new position in MSCI in the 2nd quarter worth about $27,000. Crewe Advisors LLC purchased a new stake in shares of MSCI during the 1st quarter worth about $34,000. Ridgewood Investments LLC acquired a new stake in shares of MSCI during the 2nd quarter valued at about $40,000. Finally, American National Bank & Trust acquired a new stake in shares of MSCI during the 3rd quarter valued at about $58,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective 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. Evercore ISI assumed coverage on shares of MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Barclays raised 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.83.

MSCI Trading Down 0.2 %

Shares of MSCI stock opened at $588.19 on Wednesday. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The company’s fifty day simple moving average is $580.55 and its 200-day simple moving average is $531.47. The company has a market cap of $46.26 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 3.01 and a beta of 1.11.

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, topping 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 business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $3.45 EPS. As a group, research analysts forecast that MSCI Inc. will post 14.95 earnings per share for the current fiscal year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.09%. MSCI’s dividend payout ratio (DPR) is 42.02%.

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.