Dock Street Asset Management Inc. lessened its stake in Msci Inc (NYSE:MSCI) by 29.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,562 shares of the technology company’s stock after selling 16,787 shares during the period. Msci accounts for 3.0% of Dock Street Asset Management Inc.’s portfolio, making the stock its 18th biggest holding. Dock Street Asset Management Inc.’s holdings in Msci were worth $8,832,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSCI. Next Capital Management LLC purchased a new stake in Msci during the second quarter valued at about $25,000. Squar Milner Financial Services LLC purchased a new stake in Msci during the third quarter valued at about $28,000. Capital Investment Advisory Services LLC purchased a new stake in Msci during the second quarter valued at about $33,000. Coastal Investment Advisors Inc. purchased a new stake in Msci during the third quarter valued at about $39,000. Finally, Commonwealth Bank of Australia lifted its stake in Msci by 32.0% during the second quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.
A number of research firms have commented on MSCI. Morgan Stanley upped their price objective on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Atlantic Securities started coverage on shares of Msci in a research report on Wednesday, September 25th. They issued a “neutral” rating and a $235.00 price target for the company. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating and set a $238.00 price target for the company in a research report on Thursday, October 17th. TheStreet raised shares of Msci from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Finally, UBS Group increased their price target on shares of Msci from $235.00 to $238.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Msci currently has a consensus rating of “Hold” and a consensus target price of $226.00.
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, topping analysts’ consensus estimates of $1.51 by $0.03. The business had revenue of $385.56 million during the quarter, compared to analyst estimates of $382.81 million. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. Research analysts expect that Msci Inc will post 6.29 earnings per share for the current 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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