Gofen & Glossberg LLC IL Has $941,000 Position in MSCI Inc (MSCI)

Gofen & Glossberg LLC IL lowered its position in MSCI Inc (NYSE:MSCI) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,435 shares of the technology company’s stock after selling 2,450 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in MSCI were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSCI. Vanguard Group Inc. lifted its position in MSCI by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock valued at $900,330,000 after buying an additional 121,542 shares during the last quarter. Janus Henderson Group PLC lifted its position in MSCI by 41,366.8% in the second quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after buying an additional 3,785,473 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in MSCI by 64.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after buying an additional 359,892 shares during the last quarter. Northern Trust Corp lifted its position in MSCI by 1.1% in the second quarter. Northern Trust Corp now owns 851,176 shares of the technology company’s stock valued at $87,662,000 after buying an additional 9,040 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in MSCI by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 773,679 shares of the technology company’s stock valued at $79,691,000 after buying an additional 10,749 shares during the last quarter. 92.79% of the stock is owned by hedge funds and other institutional investors.

MSCI has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $126.00 target price on shares of MSCI in a research report on Thursday, November 2nd. UBS Group upped their target price on shares of MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group upped their target price on shares of MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $136.00.

Shares of MSCI Inc (NYSE MSCI) opened at $134.33 on Wednesday. The stock has a market cap of $12,239.46, a PE ratio of 37.33, a PEG ratio of 2.87 and a beta of 0.89. MSCI Inc has a 1 year low of $80.38 and a 1 year high of $136.93. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 106.15%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. research analysts expect that MSCI Inc will post 3.83 EPS for the current fiscal year.

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MSCI Company Profile

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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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