Wells Fargo & Company MN raised its stake in shares of Msci Inc (NYSE:MSCI) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,723 shares of the technology company’s stock after acquiring an additional 10,551 shares during the quarter. Wells Fargo & Company MN owned approximately 0.36% of Msci worth $52,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co. boosted its stake in Msci by 2,573.3% during the 2nd quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after acquiring an additional 772 shares during the last quarter. Atria Investments LLC bought a new position in shares of Msci in the 1st quarter worth about $202,000. Chicago Equity Partners LLC bought a new position in shares of Msci in the 1st quarter worth about $208,000. Lincoln National Corp bought a new position in shares of Msci in the 1st quarter worth about $210,000. Finally, DAVENPORT & Co LLC bought a new position in shares of Msci in the 2nd quarter worth about $214,000. Hedge funds and other institutional investors own 93.05% of the company’s stock.

Msci stock opened at $173.92 on Friday. The company has a debt-to-equity ratio of 7.43, a quick ratio of 2.65 and a current ratio of 2.65. Msci Inc has a 1 year low of $110.01 and a 1 year high of $176.88. The stock has a market capitalization of $15.38 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 3.30 and a beta of 0.80.

Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The business had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same quarter last year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts expect that Msci Inc will post 5.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 16th. This is a boost from Msci’s previous quarterly dividend of $0.38. Msci’s dividend payout ratio (DPR) is 38.19%.

A number of research firms have recently issued reports on MSCI. Cantor Fitzgerald raised their price target on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Morgan Stanley raised their price target on shares of Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of Msci from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. BMO Capital Markets began coverage on shares of Msci in a research report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 price target on the stock. Finally, ValuEngine upgraded shares of Msci from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Msci presently has a consensus rating of “Buy” and an average target price of $175.00.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

Featured Story: How Important is Technical Analysis of Stocks

Institutional Ownership by Quarter for Msci (NYSE:MSCI)

Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.