Geller Advisors LLC Has $461,000 Holdings in MSCI Inc. (NYSE:MSCI)

Geller Advisors LLC lessened its stake in MSCI Inc. (NYSE:MSCI) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 790 shares of the technology company’s stock after selling 26 shares during the period. Geller Advisors LLC’s holdings in MSCI were worth $461,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of MSCI in the 2nd quarter valued at $26,000. HWG Holdings LP bought a new stake in shares of MSCI in the second quarter worth about $27,000. True Wealth Design LLC acquired a new stake in shares of MSCI during the third quarter worth about $38,000. Ridgewood Investments LLC bought a new position in shares of MSCI during the 2nd quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of MSCI in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the subject of several research reports. UBS Group lowered their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Morgan Stanley lifted their price target on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Barclays raised their price objective 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 target price on shares of MSCI in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Price Performance

MSCI opened at $617.18 on Monday. The business has a fifty day simple moving average of $595.69 and a 200 day simple moving average of $550.36. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The company has a market capitalization of $48.37 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 3.21 and a beta of 1.10.

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

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date was Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.04%. MSCI’s dividend payout ratio is presently 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.