Atria Investments Inc Acquires 961 Shares of MSCI Inc $MSCI

Atria Investments Inc grew its holdings in MSCI Inc (NYSE:MSCI) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,831 shares of the technology company’s stock after acquiring an additional 961 shares during the quarter. Atria Investments Inc’s holdings in MSCI were worth $8,554,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of MSCI in the first quarter worth about $27,000. Meeder Asset Management Inc. increased its holdings in shares of MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Steph & Co. bought a new stake in shares of MSCI in the second quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after acquiring an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA increased its holdings in shares of MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after acquiring an additional 64 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Stock Up 2.6%

MSCI stock opened at $582.54 on Friday. The business has a 50 day moving average price of $561.55 and a two-hundred day moving average price of $560.15. The company has a market cap of $45.07 billion, a price-to-earnings ratio of 36.92, a P/E/G ratio of 2.76 and a beta of 1.33. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to the consensus estimate of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $3.86 earnings per share. On average, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 14th. MSCI’s dividend payout ratio (DPR) is currently 47.68%.

MSCI declared that its board has authorized a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSCI shares. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI increased their price objective on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a report on Friday, July 25th. Finally, Wells Fargo & Company increased their price objective on MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, MSCI presently has an average rating of “Moderate Buy” and an average target price of $655.90.

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.