Perigon Wealth Management LLC boosted its stake in MSCI Inc (NYSE:MSCI) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,543 shares of the technology company’s stock after acquiring an additional 892 shares during the period. Perigon Wealth Management LLC’s holdings in MSCI were worth $1,086,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in MSCI by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock valued at $900,330,000 after purchasing an additional 121,542 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in MSCI by 41,366.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after purchasing an additional 3,785,473 shares in the last quarter. Fiera Capital Corp boosted its holdings in MSCI by 11.1% in the 2nd quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after purchasing an additional 375,333 shares in the last quarter. Findlay Park Partners LLP boosted its holdings in MSCI by 89.3% in the 2nd quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock valued at $173,589,000 after purchasing an additional 795,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in MSCI by 12.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock valued at $118,165,000 after purchasing an additional 129,131 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Shares of MSCI Inc (NYSE MSCI) remained flat at $122.00 during midday trading on Friday. The company had a trading volume of 308,946 shares. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $123.39. The firm’s 50 day moving average is $117.70 and its 200 day moving average is $107.54. The stock has a market capitalization of $10.99 billion, a P/E ratio of 39.51 and a beta of 1.03.
MSCI (NYSE:MSCI) last posted its quarterly earnings data 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. The business had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that MSCI Inc will post $3.80 earnings per share for the current year.
In other news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 176,183 shares in the company, valued at $20,289,234.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,249 shares of company stock valued at $724,009 over the last quarter. Insiders own 2.26% of the company’s stock.
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MSCI has been the topic of a number of analyst reports. Barclays PLC initiated coverage on MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $97.00 price objective (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. UBS AG lifted their price objective on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Thursday, July 6th. Finally, BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. MSCI has an average rating of “Buy” and an average target price of $111.50.
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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