Procyon Advisors LLC Grows Stock Holdings in MSCI Inc. (NYSE:MSCI)

Procyon Advisors LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,956 shares of the technology company’s stock after buying an additional 279 shares during the quarter. Procyon Advisors LLC’s holdings in MSCI were worth $1,140,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Crestmont Private Wealth LLC raised its position in MSCI by 7.6% in the 3rd quarter. Crestmont Private Wealth LLC now owns 624 shares of the technology company’s stock worth $364,000 after purchasing an additional 44 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of MSCI by 23.5% in the third quarter. Exchange Traded Concepts LLC now owns 941 shares of the technology company’s stock worth $549,000 after buying an additional 179 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in MSCI by 495.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 721 shares of the technology company’s stock valued at $420,000 after acquiring an additional 600 shares during the period. LVW Advisors LLC grew its position in MSCI by 41.6% in the 3rd quarter. LVW Advisors LLC now owns 1,402 shares of the technology company’s stock valued at $817,000 after acquiring an additional 412 shares during the last quarter. Finally, Westwind Capital increased its stake in MSCI by 11,578.7% in the third quarter. Westwind Capital now owns 21,956 shares of the technology company’s stock worth $12,799,000 after purchasing an additional 21,768 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.3 %

MSCI opened at $607.62 on Tuesday. The firm has a 50 day moving average of $567.87 and a two-hundred day moving average of $524.69. The firm has a market capitalization of $48.14 billion, a PE ratio of 41.48, a P/E/G ratio of 3.21 and a beta of 1.11. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million during 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 company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $3.26 EPS. As a group, analysts predict that MSCI Inc. will post 14.8 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $1.60 dividend. The ex-dividend date was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. MSCI’s payout ratio is 43.69%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a report on Wednesday, July 24th. Argus increased their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI initiated coverage on MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. UBS Group lifted their price objective on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Barclays increased their target price on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has an average rating of “Moderate Buy” and an average target price of $614.14.

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.