UniSuper Management Pty Ltd Purchases 1,967 Shares of MSCI Inc. (NYSE:MSCI)

UniSuper Management Pty Ltd grew its position in MSCI Inc. (NYSE:MSCI) by 269.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,698 shares of the technology company’s stock after acquiring an additional 1,967 shares during the quarter. UniSuper Management Pty Ltd’s holdings in MSCI were worth $1,512,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of MSCI by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock worth $4,886,777,000 after acquiring an additional 36,043 shares during the period. Capital International Investors lifted its position in shares of MSCI by 9.6% in the 4th quarter. Capital International Investors now owns 1,725,215 shares of the technology company’s stock worth $976,009,000 after acquiring an additional 151,108 shares during the period. Sustainable Growth Advisers LP lifted its position in shares of MSCI by 1.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock worth $741,508,000 after acquiring an additional 23,217 shares during the period. Brown Advisory Inc. lifted its position in shares of MSCI by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,038,761 shares of the technology company’s stock worth $587,575,000 after acquiring an additional 44,234 shares during the period. Finally, Norges Bank bought a new stake in shares of MSCI in the 4th quarter worth approximately $496,541,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI traded up $39.82 during midday trading on Tuesday, hitting $545.84. The stock had a trading volume of 1,362,727 shares, compared to its average volume of 591,024. The company’s 50-day simple moving average is $493.28 and its 200 day simple moving average is $524.40. The firm has a market cap of $43.24 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.10. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $3.14 EPS. Equities analysts expect that MSCI Inc. will post 14.68 EPS for the current fiscal year.

Insider Activity

In other news, insider Scott A. Crum sold 9,000 shares of MSCI stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the completion of the sale, the insider now directly owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Henry A. Fernandez acquired 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average cost of $465.92 per share, with a total value of $6,056,960.00. Following the completion of the purchase, the chief executive officer now directly owns 327,479 shares in the company, valued at $152,579,015.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott A. Crum sold 9,000 shares of MSCI stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the sale, the insider now directly owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSCI. Oppenheimer restated a “market perform” rating on shares of MSCI in a research report on Wednesday, April 24th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $485.00 target price for the company in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and cut their target price for the stock from $613.00 to $569.00 in a research report on Wednesday, April 24th. UBS Group raised their target price on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group cut their target price on MSCI from $615.00 to $526.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $579.86.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.