Pacer Advisors Inc. increased its position in shares of Msci Inc (NYSE:MSCI) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,026 shares of the technology company’s stock after acquiring an additional 835 shares during the period. Pacer Advisors Inc.’s holdings in Msci were worth $1,965,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Next Capital Management LLC acquired a new position in Msci during the 2nd quarter worth about $25,000. Capital Investment Advisory Services LLC acquired a new position in Msci during the 2nd quarter worth about $33,000. CSat Investment Advisory L.P. lifted its stake in Msci by 113.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 220 shares of the technology company’s stock worth $53,000 after acquiring an additional 117 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Msci by 32.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Finally, Ossiam acquired a new position in Msci during the 2nd quarter worth about $59,000. 91.80% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on MSCI. Buckingham Research decreased their target price on Msci from $222.00 to $218.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. UBS Group increased their price target on Msci from $235.00 to $238.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Morgan Stanley increased their price target on Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. ValuEngine lowered Msci from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet raised Msci from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Msci presently has an average rating of “Hold” and a consensus price target of $222.56.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $385.56 million for the quarter, compared to analyst estimates of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. Msci’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. On average, equities analysts anticipate that Msci Inc will post 6.3 earnings per share for the current fiscal year.
Msci Company Profile
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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