Oppenheimer Asset Management Inc. Has $19.31 Million Stake in MSCI Inc $MSCI

Oppenheimer Asset Management Inc. decreased its position in shares of MSCI Inc (NYSE:MSCI) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 33,486 shares of the technology company’s stock after selling 535 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MSCI were worth $19,313,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MSCI. GAMMA Investing LLC raised its holdings in MSCI by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company’s stock valued at $506,000 after buying an additional 69 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in MSCI by 336.4% in the 1st quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company’s stock valued at $54,000 after buying an additional 74 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in MSCI by 4.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 56,967 shares of the technology company’s stock valued at $32,215,000 after buying an additional 2,498 shares during the last quarter. PDS Planning Inc raised its holdings in MSCI by 17.1% in the 1st quarter. PDS Planning Inc now owns 528 shares of the technology company’s stock valued at $299,000 after buying an additional 77 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in MSCI by 22.9% in the 1st quarter. Diversified Trust Co now owns 3,820 shares of the technology company’s stock valued at $2,160,000 after buying an additional 711 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Weiss Ratings downgraded MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Evercore ISI upped their target price on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, UBS Group upped their target price on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, MSCI has an average rating of “Moderate Buy” and a consensus price target of $647.70.

MSCI Stock Up 0.8%

MSCI stock opened at $542.82 on Friday. The firm has a market cap of $41.99 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.64 and a beta of 1.33. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The company’s fifty day simple moving average is $561.09 and its 200 day simple moving average is $559.32.

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.