First Long Island Investors LLC Has $9.90 Million Stake in MSCI Inc. (NYSE:MSCI)

First Long Island Investors LLC raised its position in MSCI Inc. (NYSE:MSCI) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 16,990 shares of the technology company’s stock after purchasing an additional 384 shares during the quarter. First Long Island Investors LLC’s holdings in MSCI were worth $9,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of MSCI. Frank Rimerman Advisors LLC increased its holdings in shares of MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after acquiring an additional 17 shares during the last quarter. Conning Inc. increased its holdings in shares of MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after purchasing an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of MSCI by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after buying an additional 20 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 1.1 %

NYSE MSCI traded down $6.69 during trading on Friday, hitting $599.45. 64,527 shares of the company’s stock were exchanged, compared to its average volume of 540,340. The company has a market cap of $46.98 billion, a PE ratio of 39.46, a P/E/G ratio of 3.17 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $631.70. The stock’s 50 day moving average price is $582.94 and its two-hundred day moving average price is $536.53.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.45 EPS. Analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.07%. MSCI’s dividend payout ratio is currently 42.02%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSCI. Barclays increased their price target on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Morgan Stanley boosted their price target on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.83.

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.