Gateway Investment Advisers LLC Raises Stake in Msci Inc (MSCI)

Gateway Investment Advisers LLC increased its position in Msci Inc (NYSE:MSCI) by 18.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,825 shares of the technology company’s stock after buying an additional 13,404 shares during the period. Gateway Investment Advisers LLC’s holdings in Msci were worth $15,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MSCI. Cue Financial Group Inc. acquired a new position in Msci during the 3rd quarter valued at about $770,000. Andra AP fonden boosted its stake in Msci by 1.9% during the 3rd quarter. Andra AP fonden now owns 37,000 shares of the technology company’s stock valued at $6,564,000 after purchasing an additional 700 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Msci by 7.2% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 170,617 shares of the technology company’s stock valued at $30,493,000 after purchasing an additional 11,497 shares during the last quarter. Bank of Montreal Can boosted its stake in Msci by 24.5% during the 3rd quarter. Bank of Montreal Can now owns 208,466 shares of the technology company’s stock valued at $36,984,000 after purchasing an additional 41,014 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in Msci by 15.0% during the 3rd quarter. Hennessy Advisors Inc. now owns 11,500 shares of the technology company’s stock valued at $2,040,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

MSCI stock opened at $157.28 on Thursday. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 3.39 and a beta of 0.88. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65. Msci Inc has a 52-week low of $115.17 and a 52-week high of $184.22.

Msci (NYSE:MSCI) last posted its 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. Msci had a net margin of 27.83% and a return on equity of 114.65%. The firm had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same quarter last year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts forecast that Msci Inc will post 5.24 EPS for the current year.

A number of equities analysts have issued reports on the company. Morgan Stanley set a $185.00 price target on Msci and gave the company a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Barclays reiterated a “hold” rating and set a $175.00 price target on shares of Msci in a research note on Sunday, August 12th. BMO Capital Markets assumed coverage on Msci in a research note on Wednesday, July 25th. They set an “outperform” rating and a $198.00 price target for the company. Finally, Wells Fargo & Co lifted their price target on Msci from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $174.75.

Msci 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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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