W.E. Donoghue & Co. LLC bought a new position in shares of Msci Inc (NYSE:MSCI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,270 shares of the technology company’s stock, valued at approximately $2,532,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in Msci during the second quarter worth about $114,000. Smithfield Trust Co. lifted its holdings in shares of 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 purchasing an additional 772 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Msci by 8,437.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock valued at $135,000 after purchasing an additional 69,947 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Msci during the 3rd quarter valued at about $147,000. Finally, Rampart Investment Management Company LLC bought a new position in shares of Msci during the 2nd quarter valued at about $152,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
MSCI has been the topic of several recent analyst reports. Barclays reiterated a “hold” rating and set a $175.00 price objective on shares of Msci in a report on Sunday, August 12th. Morgan Stanley lifted their price objective on Msci from $160.00 to $168.00 and gave the company a “$171.53” rating in a report on Wednesday, July 18th. Cantor Fitzgerald lifted their price objective on Msci to $192.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, BMO Capital Markets initiated coverage on Msci in a report on Wednesday, July 25th. They set an “outperform” rating and a $198.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $174.75.
Msci (NYSE:MSCI) last released its earnings results on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. Msci had a return on equity of 114.65% and a net margin of 27.83%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, equities analysts expect that Msci Inc will post 5.24 EPS for the current fiscal year.
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.
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