MSCI Inc. (NYSE:MSCI) Stock Holdings Cut by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its position in MSCI Inc. (NYSE:MSCI) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,834 shares of the technology company’s stock after selling 328 shares during the quarter. CIBC Asset Management Inc owned about 0.08% of MSCI worth $36,566,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of MSCI by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock valued at $4,886,777,000 after buying an additional 36,043 shares in the last quarter. Capital International Investors grew its holdings in shares of MSCI by 0.5% in the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after acquiring an additional 9,304 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of MSCI by 2.6% during the third quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock worth $870,627,000 after purchasing an additional 37,340 shares during the period. American Century Companies Inc. lifted its holdings in shares of MSCI by 1.3% during the second quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its position in shares of MSCI by 129.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after purchasing an additional 412,389 shares during the period. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Argus lifted their price objective on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays increased 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, Redburn Atlantic raised 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Stock Performance

Shares of MSCI stock opened at $593.60 on Friday. The firm has a market cap of $46.52 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 3.17 and a beta of 1.11. The firm’s 50-day simple moving average is $582.94 and its 200-day simple moving average is $536.53. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

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

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.08%. MSCI’s dividend payout ratio is currently 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.