Shelton Capital Management purchased a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,112 shares of the technology company’s stock, valued at approximately $732,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in MSCI in the second quarter valued at approximately $101,000. Van ECK Associates Corp lifted its stake in MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares in the last quarter. Pacer Advisors Inc. lifted its stake in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares in the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares in the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MSCI Inc (MSCI) opened at 121.28 on Friday. The stock has a 50 day moving average of $114.99 and a 200-day moving average of $105.71. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $121.40. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 39.27 and a beta of 1.03.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The business had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. During the same quarter last year, the firm posted $0.77 EPS. MSCI’s revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that MSCI Inc will post $3.80 EPS for the current year.
A number of brokerages have weighed in on MSCI. Morgan Stanley lifted their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. UBS AG lifted their price target on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays PLC began coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.29.
In related news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.16, for a total value of $239,878.28. Following the completion of the sale, the chief operating officer now owns 176,183 shares of the company’s stock, valued at approximately $20,289,234.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.26% of the company’s stock.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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