DNB Asset Management AS lessened its stake in Msci Inc (NYSE:MSCI) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,359 shares of the technology company’s stock after selling 782 shares during the quarter. DNB Asset Management AS’s holdings in Msci were worth $2,060,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its position in Msci by 252.9% in the fourth quarter. CWM LLC now owns 247 shares of the technology company’s stock worth $36,000 after acquiring an additional 177 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Msci in the fourth quarter worth approximately $38,000. Valeo Financial Advisors LLC grew its position in Msci by 865.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock worth $70,000 after acquiring an additional 424 shares in the last quarter. We Are One Seven LLC bought a new stake in Msci in the fourth quarter worth approximately $76,000. Finally, Financial Gravity Companies Inc. bought a new stake in Msci in the fourth quarter worth approximately $103,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Several research firms have commented on MSCI. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research report on Tuesday, February 5th. Cantor Fitzgerald boosted their target price on shares of Msci to $188.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. Buckingham Research began coverage on shares of Msci in a research report on Friday, January 25th. They issued a “neutral” rating and a $171.00 target price for the company. Barclays decreased their target price on shares of Msci from $175.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Finally, UBS Group upped their price objective on shares of Msci to $234.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $190.78.
In related news, insider Scott A. Crum sold 19,000 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the completion of the sale, the insider now directly owns 96,999 shares of the company’s stock, valued at approximately $16,988,404.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by corporate insiders.
NYSE MSCI opened at $219.34 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 6.80. The firm has a market cap of $18.54 billion, a P/E ratio of 41.00, a PEG ratio of 3.56 and a beta of 1.16. Msci Inc has a 1 year low of $134.28 and a 1 year high of $220.29.
Msci (NYSE:MSCI) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The business had revenue of $361.69 million during the quarter, compared to the consensus estimate of $360.95 million. Msci had a net margin of 35.42% and a return on equity of 196.12%. On average, equities research analysts expect that Msci Inc will post 6.15 earnings per share for the current year.
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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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