Mutual of America Capital Management LLC Decreases Stock Holdings in MSCI Inc. (NYSE:MSCI)

Mutual of America Capital Management LLC reduced its position in shares of MSCI Inc. (NYSE:MSCI) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,686 shares of the technology company’s stock after selling 303 shares during the period. Mutual of America Capital Management LLC’s holdings in MSCI were worth $5,646,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its position in shares of MSCI by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after buying an additional 17 shares during the last quarter. Conning Inc. increased its position in MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after purchasing an additional 19 shares during the period. Capital Advisors Ltd. LLC raised its holdings in MSCI by 3.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after purchasing an additional 20 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares during the period. Finally, Planning Capital Management Corp boosted its stake in shares of MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Price Performance

MSCI stock opened at $596.93 on Wednesday. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70. The business’s fifty day moving average is $585.01 and its 200 day moving average is $540.12. The stock has a market capitalization of $46.78 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11.

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

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.07%. MSCI’s payout ratio is 42.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Argus increased their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. UBS Group lowered their target price on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays upped their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Wells Fargo & Company raised their price objective on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.83.

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.