Aigen Investment Management LP Makes New $1.22 Million Investment in MSCI Inc. (NYSE:MSCI)

Aigen Investment Management LP purchased a new stake in MSCI Inc. (NYSE:MSCI) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,097 shares of the technology company’s stock, valued at approximately $1,222,000.

Several other large investors also recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in shares of MSCI during the second quarter worth about $26,000. HWG Holdings LP bought a new position in shares of MSCI during the 2nd quarter worth approximately $27,000. Crewe Advisors LLC acquired a new stake in shares of MSCI in the first quarter valued at approximately $34,000. Ridgewood Investments LLC bought a new stake in shares of MSCI in the second quarter worth $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in MSCI during the third quarter worth $40,000. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI initiated coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Argus boosted their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Stock Performance

NYSE MSCI opened at $602.64 on Wednesday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $631.70. The stock has a market cap of $47.23 billion, a PE ratio of 39.57, a P/E/G ratio of 3.10 and a beta of 1.11. The firm has a 50-day moving average of $580.91 and a 200-day moving average of $534.64.

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

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s payout ratio is 42.02%.

About MSCI

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.