Conning Inc. acquired a new stake in shares of Msci Inc (NYSE:MSCI) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,170 shares of the technology company’s stock, valued at approximately $208,000.
Other large investors have also added to or reduced their stakes in the company. W.E. Donoghue & Co. LLC bought a new stake in Msci in the 3rd quarter valued at approximately $2,532,000. Baldwin Brothers Inc. MA lifted its stake in Msci by 3.0% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 13,135 shares of the technology company’s stock valued at $2,330,000 after acquiring an additional 385 shares in the last quarter. Alps Advisors Inc. lifted its stake in Msci by 209.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,001 shares of the technology company’s stock valued at $710,000 after acquiring an additional 2,710 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Msci by 16.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 228,639 shares of the technology company’s stock valued at $40,561,000 after acquiring an additional 32,932 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Msci by 35.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,445,840 shares of the technology company’s stock valued at $256,507,000 after acquiring an additional 377,801 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.
Several equities research analysts have commented on the company. Morgan Stanley set a $172.00 target price on Msci and gave the company a “hold” rating in a research note on Monday, October 15th. Barclays restated a “hold” rating and issued a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cantor Fitzgerald boosted their target price on Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Finally, BMO Capital Markets assumed coverage on Msci in a research note on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $174.75.
Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. Msci had a return on equity of 114.65% and a net margin of 27.83%. The company had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts expect that Msci Inc will post 5.24 earnings per share 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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