Coldstream Capital Management Inc. Has $785,000 Holdings in MSCI Inc. (NYSE:MSCI)

Coldstream Capital Management Inc. trimmed its holdings in shares of MSCI Inc. (NYSE:MSCI) by 25.0% in the second quarter, HoldingsChannel reports. The firm owned 1,630 shares of the technology company’s stock after selling 543 shares during the period. Coldstream Capital Management Inc.’s holdings in MSCI were worth $785,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of MSCI in the first quarter valued at $26,000. Rothschild Investment LLC acquired a new position in MSCI during the 2nd quarter worth about $26,000. Crewe Advisors LLC bought a new stake in MSCI during the 1st quarter worth about $34,000. American National Bank increased its position in MSCI by 1,300.0% in the 4th quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of MSCI in the second quarter worth about $40,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $559.93 on Friday. The company has a 50 day moving average price of $541.33 and a two-hundred day moving average price of $522.13. The company has a market capitalization of $44.36 billion, a PE ratio of 38.22, a PEG ratio of 3.05 and a beta of 1.11. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. On average, sell-side analysts forecast that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio is currently 43.69%.

Wall Street Analysts Forecast Growth

MSCI has been the topic of several research analyst reports. Wells Fargo & Company raised shares of MSCI to a “hold” rating in a research note on Tuesday, August 13th. Argus lifted their target price on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays upped their price target on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group raised their price target on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, The Goldman Sachs Group boosted their price objective on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $584.79.

About MSCI

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.