MSCI Inc $MSCI Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in shares of MSCI Inc (NYSE:MSCI) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 867 shares of the technology company’s stock after acquiring an additional 55 shares during the quarter. Ritholtz Wealth Management’s holdings in MSCI were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Olde Wealth Management LLC acquired a new position in shares of MSCI during the 1st quarter worth about $27,000. Meeder Asset Management Inc. boosted its position in shares of MSCI by 136.4% during the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Steph & Co. acquired a new position in shares of MSCI during the 2nd quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after acquiring an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA boosted its position in shares of MSCI by 355.6% during the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after acquiring an additional 64 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Up 0.3%

MSCI stock opened at $534.91 on Monday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The stock has a 50 day moving average of $563.02 and a two-hundred day moving average of $558.54. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 2.60 and a beta of 1.33.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company had revenue of $772.68 million during the quarter, compared to analysts’ expectations of $763.06 million. During the same period last year, the firm earned $3.64 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research note on Friday, July 25th. Evercore ISI raised their price target on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $647.70.

Insiders Place Their Bets

In related news, CEO Henry A. Fernandez acquired 84 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was bought at an average cost of $548.69 per share, with a total value of $46,089.96. Following the transaction, the chief executive officer owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders purchased 12,400 shares of company stock worth $6,731,599. 3.31% of the stock is currently owned by company insiders.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.