Whittier Trust Co. Grows Position in MSCI Inc $MSCI

Whittier Trust Co. grew its stake in shares of MSCI Inc (NYSE:MSCI) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 356 shares of the technology company’s stock after purchasing an additional 33 shares during the quarter. Whittier Trust Co.’s holdings in MSCI were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Pittenger & Anderson Inc. boosted its stake in shares of MSCI by 2.5% during the second quarter. Pittenger & Anderson Inc. now owns 30,650 shares of the technology company’s stock valued at $17,677,000 after purchasing an additional 751 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of MSCI by 70.8% during the second quarter. Chicago Partners Investment Group LLC now owns 835 shares of the technology company’s stock valued at $443,000 after purchasing an additional 346 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of MSCI by 7.6% during the second quarter. Mutual of America Capital Management LLC now owns 9,718 shares of the technology company’s stock valued at $5,605,000 after purchasing an additional 687 shares during the period. Aspiriant LLC purchased a new stake in shares of MSCI during the second quarter valued at approximately $200,000. Finally, Empirical Asset Management LLC boosted its stake in shares of MSCI by 25.5% during the second quarter. Empirical Asset Management LLC now owns 1,199 shares of the technology company’s stock valued at $692,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.8%

Shares of MSCI stock opened at $542.82 on Friday. The firm has a market capitalization of $41.99 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.63 and a beta of 1.33. The business has a fifty day simple moving average of $561.09 and a two-hundred day simple moving average of $558.95. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on MSCI shares. UBS Group increased their price objective on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. 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. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target for the company in a research note on Friday, July 25th. Finally, Seaport Res Ptn raised MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $647.70.

MSCI 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.