Brighton Jones LLC Boosts Stake in MSCI Inc $MSCI

Brighton Jones LLC lifted its holdings in MSCI Inc (NYSE:MSCI) by 403.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,392 shares of the technology company’s stock after buying an additional 1,917 shares during the period. Brighton Jones LLC’s holdings in MSCI were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Vanguard Group Inc. increased its position in MSCI by 5.9% during the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock worth $5,302,610,000 after purchasing an additional 518,833 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of MSCI by 355.7% in the first quarter. AQR Capital Management LLC now owns 660,690 shares of the technology company’s stock valued at $365,976,000 after purchasing an additional 515,713 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of MSCI by 605,802.9% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company’s stock valued at $129,903,000 after purchasing an additional 212,031 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in MSCI in the first quarter worth approximately $119,408,000. Finally, Nuveen LLC purchased a new position in MSCI in the first quarter worth approximately $117,879,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Trading Up 0.8%

NYSE:MSCI opened at $546.69 on Tuesday. The firm has a market cap of $42.29 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. The company’s 50-day moving average is $560.90 and its two-hundred day moving average is $559.36. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $647.70.

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.