Advisors Asset Management Inc. grew its stake in Msci Inc (NYSE:MSCI) by 8,437.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,776 shares of the technology company’s stock after acquiring an additional 69,947 shares during the quarter. Advisors Asset Management Inc. owned about 0.08% of Msci worth $135,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MSCI. Flagship Harbor Advisors LLC acquired a new position in Msci in the second quarter valued at $114,000. Smithfield Trust Co. increased its stake in Msci by 2,573.3% in the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after purchasing an additional 772 shares during the last quarter. Rampart Investment Management Company LLC acquired a new position in Msci in the second quarter valued at $152,000. Point72 Hong Kong Ltd acquired a new position in Msci in the second quarter valued at $207,000. Finally, DAVENPORT & Co LLC acquired a new position in Msci in the second quarter valued at $214,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
Several research firms recently commented on MSCI. Barclays reiterated a “hold” rating and issued a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Wells Fargo & Co upped their target price on Msci from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Cantor Fitzgerald upped their target price on Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Northcoast Research reiterated a “neutral” rating on shares of Msci in a research note on Tuesday, June 26th. Finally, Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $174.75.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The company had revenue of $363.05 million during the quarter, compared to analyst estimates of $356.01 million. Msci had a return on equity of 114.65% and a net margin of 27.83%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Research analysts predict that Msci Inc will post 5.24 EPS 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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