MSCI Inc. (NYSE:MSCI) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,164 shares of the technology company’s stock after buying an additional 626 shares during the period. MSCI makes up 0.7% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 29th biggest position. Kornitzer Capital Management Inc. KS owned about 0.09% of MSCI worth $39,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of MSCI in the 2nd quarter worth approximately $26,000. HWG Holdings LP acquired a new position in shares of MSCI in the 2nd quarter worth approximately $27,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the 1st quarter worth approximately $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI in the 2nd quarter worth approximately $40,000. Finally, American National Bank & Trust acquired a new position in shares of MSCI in the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock traded up $2.52 during trading on Thursday, hitting $577.34. 47,034 shares of the company were exchanged, compared to its average volume of 540,346. The firm has a market capitalization of $45.25 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 3.07 and a beta of 1.11. The business’s 50-day simple moving average is $580.44 and its 200 day simple moving average is $531.77. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $3.45 earnings per share. On average, equities analysts forecast that MSCI Inc. will post 14.95 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSCI. Morgan Stanley lifted their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Argus raised their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Evercore ISI started coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Finally, Wells Fargo & Company raised 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. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, MSCI has a consensus rating of “Moderate Buy” and an average price target 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.