OneAscent Financial Services LLC Has $375,000 Position in MSCI Inc. (NYSE:MSCI)

OneAscent Financial Services LLC reduced its holdings in shares of MSCI Inc. (NYSE:MSCI) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 643 shares of the technology company’s stock after selling 123 shares during the period. OneAscent Financial Services LLC’s holdings in MSCI were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Capital International Investors boosted its position in shares of MSCI by 0.5% during the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock valued at $972,111,000 after acquiring an additional 9,304 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of MSCI by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after acquiring an additional 37,340 shares in the last quarter. American Century Companies Inc. boosted its position in shares of MSCI by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after acquiring an additional 13,620 shares in the last quarter. PineStone Asset Management Inc. boosted its position in shares of MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after acquiring an additional 412,389 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of MSCI by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 637,381 shares of the technology company’s stock valued at $307,058,000 after acquiring an additional 25,497 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

Shares of NYSE:MSCI opened at $593.12 on Tuesday. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70. The company has a 50 day moving average of $584.32 and a 200-day moving average of $539.21. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 3.09 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued 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. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter in the previous year, the company earned $3.45 EPS. MSCI’s revenue was up 15.9% on a year-over-year basis. Equities research analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSCI. Argus lifted their price target on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a report on Friday, July 26th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. UBS Group cut their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $631.83.

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.