OneDigital Investment Advisors LLC Sells 677 Shares of MSCI Inc. (NYSE:MSCI)

OneDigital Investment Advisors LLC decreased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 22.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,351 shares of the technology company’s stock after selling 677 shares during the period. OneDigital Investment Advisors LLC’s holdings in MSCI were worth $1,370,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. TIAA Trust National Association bought a new stake in shares of MSCI in the 1st quarter worth about $212,000. Covestor Ltd increased its holdings in shares of MSCI by 388.9% during the first quarter. Covestor Ltd now owns 176 shares of the technology company’s stock worth $99,000 after buying an additional 140 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of MSCI by 6.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,721 shares of the technology company’s stock valued at $8,250,000 after acquiring an additional 870 shares during the last quarter. Seven Eight Capital LP boosted its holdings in shares of MSCI by 52.9% in the 1st quarter. Seven Eight Capital LP now owns 1,159 shares of the technology company’s stock worth $650,000 after acquiring an additional 401 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in MSCI by 0.5% during the 1st quarter. Clearbridge Investments LLC now owns 7,086 shares of the technology company’s stock worth $3,971,000 after acquiring an additional 32 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MSCI. Argus boosted their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Morgan Stanley increased their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. Finally, Barclays raised their price target on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Trading Down 0.1 %

MSCI stock opened at $593.12 on Tuesday. The firm has a market capitalization of $46.48 billion, a P/E ratio of 38.94, a PEG ratio of 3.09 and a beta of 1.11. The business has a 50-day moving average of $584.32 and a 200-day moving average of $539.21. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70.

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

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, November 15th. MSCI’s payout ratio is presently 42.02%.

MSCI Company 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.