IFM Investors Pty Ltd lifted its stake in Msci Inc (NYSE:MSCI) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,986 shares of the technology company’s stock after purchasing an additional 933 shares during the quarter. IFM Investors Pty Ltd’s holdings in Msci were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of MSCI. Flagship Harbor Advisors LLC bought a new position in Msci in the 2nd quarter valued at approximately $114,000. Smithfield Trust Co. lifted its position in Msci by 2,573.3% in 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 in the last quarter. Cerebellum GP LLC bought a new position in Msci in the 3rd quarter valued at approximately $147,000. Rampart Investment Management Company LLC bought a new position in Msci in the 2nd quarter valued at approximately $152,000. Finally, Point72 Hong Kong Ltd bought a new position in Msci in the 2nd quarter valued at approximately $207,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MSCI opened at $143.00 on Tuesday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 7.43. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 2.73 and a beta of 0.88. Msci Inc has a 1-year low of $115.17 and a 1-year high of $184.22.
A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Morgan Stanley boosted their target price on shares of Msci from $168.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Zacks Investment Research lowered shares of Msci from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. BMO Capital Markets assumed coverage on shares of Msci in a research note on Wednesday, July 25th. They set an “outperform” rating and a $198.00 target price for the company. Finally, Barclays reiterated a “hold” rating and set a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $174.75.
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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