Dupont Capital Management Corp boosted its position in Msci Inc (NYSE:MSCI) by 25.7% in the 3rd quarter, Holdings Channel reports. The fund owned 51,828 shares of the technology company’s stock after purchasing an additional 10,610 shares during the period. Dupont Capital Management Corp’s holdings in Msci were worth $11,286,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in MSCI. Commonwealth Bank of Australia lifted its holdings in shares of Msci by 32.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. PFG Advisors lifted its holdings in shares of Msci by 1.0% during the 2nd quarter. PFG Advisors now owns 5,900 shares of the technology company’s stock valued at $1,400,000 after acquiring an additional 60 shares in the last quarter. Shilanski & Associates Inc. lifted its holdings in shares of Msci by 1.3% during the 3rd quarter. Shilanski & Associates Inc. now owns 5,055 shares of the technology company’s stock valued at $1,101,000 after acquiring an additional 64 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Msci by 14.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 562 shares of the technology company’s stock valued at $134,000 after acquiring an additional 69 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Msci by 1.2% during the 2nd quarter. World Asset Management Inc now owns 5,889 shares of the technology company’s stock valued at $1,406,000 after acquiring an additional 72 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
Shares of MSCI traded up $2.83 during midday trading on Monday, hitting $225.03. The company had a trading volume of 330,412 shares, compared to its average volume of 564,139. The company’s 50 day moving average price is $225.36 and its 200 day moving average price is $228.10. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 3.54 and a beta of 1.12. Msci Inc has a 52 week low of $134.28 and a 52 week high of $247.57.
Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The business had revenue of $385.56 million during the quarter, compared to the consensus estimate of $382.81 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts predict that Msci Inc will post 6.29 EPS for the current fiscal year.
Several research firms recently issued reports on MSCI. Morgan Stanley lifted their price target on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. UBS Group boosted their target price on shares of Msci from $235.00 to $238.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Buckingham Research dropped their target price on shares of Msci from $222.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Atlantic Securities began coverage on shares of Msci in a research report on Wednesday, September 25th. They issued a “neutral” rating and a $235.00 target price for the company. Finally, Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating and set a $238.00 target price for the company in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Msci has an average rating of “Hold” and a consensus target price of $226.00.
Msci Company 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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