CNB Bank Cuts Stock Holdings in MSCI Inc $MSCI

CNB Bank decreased its position in shares of MSCI Inc (NYSE:MSCI) by 58.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347 shares of the technology company’s stock after selling 481 shares during the quarter. CNB Bank’s holdings in MSCI were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Olde Wealth Management LLC purchased a new stake in MSCI in the first quarter worth approximately $27,000. Meeder Asset Management Inc. raised 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 valued at $29,000 after purchasing an additional 30 shares during the period. Steph & Co. bought a new stake in shares of MSCI during the 2nd quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. raised 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 valued at $37,000 after purchasing an additional 22 shares during the period. Finally, Banque Transatlantique SA raised 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 valued at $43,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

MSCI opened at $542.82 on Friday. The firm has a fifty day moving average price of $561.09 and a 200 day moving average price of $558.95. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The stock has a market cap 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.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSCI. UBS Group raised their target price on shares of MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a research note on Friday, July 25th. Wells Fargo & Company dropped their price objective 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 price objective on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted 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 research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.