Dynamic Technology Lab Private Ltd bought a new stake in MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,183 shares of the technology company’s stock, valued at approximately $638,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WINTON GROUP Ltd acquired a new position in shares of MSCI in the 2nd quarter valued at $259,000. Ameritas Investment Partners Inc. lifted its stake in shares of MSCI by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 27,138 shares of the technology company’s stock valued at $2,795,000 after purchasing an additional 447 shares during the period. Castleark Management LLC acquired a new position in shares of MSCI in the 2nd quarter valued at $349,000. The Manufacturers Life Insurance Company lifted its stake in shares of MSCI by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,649 shares of the technology company’s stock valued at $13,764,000 after purchasing an additional 2,304 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of MSCI by 64.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after purchasing an additional 359,892 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Several brokerages recently commented on MSCI. Morgan Stanley boosted their price target on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. UBS AG boosted their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC began coverage on shares of MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target for the company. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $111.50.
Shares of MSCI Inc (NYSE:MSCI) opened at 122.74 on Friday. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 39.75 and a beta of 1.03. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $123.39. The stock’s 50 day moving average is $117.49 and its 200-day moving average is $107.36.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. During the same quarter last year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts anticipate that MSCI Inc will post $3.80 EPS for the current fiscal year.
In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total value of $231,546.28. Following the completion of the transaction, the chief operating officer now owns 178,266 shares in the company, valued at $19,816,048.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 6,249 shares of company stock valued at $724,009. Company insiders own 2.26% of the company’s stock.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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.
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