Pensionfund Sabic trimmed its holdings in shares of Msci Inc (NYSE:MSCI) by 24.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,800 shares of the technology company’s stock after selling 3,800 shares during the period. Pensionfund Sabic’s holdings in Msci were worth $1,952,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its stake in Msci by 5.1% during the 1st quarter. BlackRock Inc. now owns 9,350,846 shares of the technology company’s stock worth $1,397,671,000 after buying an additional 450,797 shares during the last quarter. Bamco Inc. NY grew its stake in Msci by 0.9% during the 4th quarter. Bamco Inc. NY now owns 2,231,659 shares of the technology company’s stock worth $282,394,000 after buying an additional 20,535 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Msci by 26.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,321,578 shares of the technology company’s stock worth $167,233,000 after buying an additional 276,026 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Msci by 16.6% during the 1st quarter. Russell Investments Group Ltd. now owns 983,814 shares of the technology company’s stock worth $146,506,000 after buying an additional 140,345 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Msci by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 936,127 shares of the technology company’s stock worth $139,922,000 after buying an additional 6,983 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.
Several analysts have weighed in on MSCI shares. Wells Fargo & Co boosted their price target on Msci from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Northcoast Research reiterated a “neutral” rating on shares of Msci in a research note on Tuesday, June 26th. UBS Group boosted their price target on Msci from $173.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. Finally, ValuEngine upgraded Msci from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $162.00.
Msci traded up $0.16, hitting $165.59, during trading hours on Monday, MarketBeat.com reports. 15,267 shares of the stock traded hands, compared to its average volume of 577,231. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $14.73 billion, a PE ratio of 41.61, a PEG ratio of 3.13 and a beta of 0.82. Msci Inc has a 1 year low of $100.84 and a 1 year high of $174.14.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The business had revenue of $351.32 million for the quarter, compared to the consensus estimate of $349.01 million. Msci had a return on equity of 109.18% and a net margin of 26.14%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. analysts predict that Msci Inc will post 5.28 EPS for the current fiscal year.
In other news, insider Richard J. Napolitano sold 3,362 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $154.75, for a total value of $520,269.50. Following the completion of the transaction, the insider now owns 12,612 shares of the company’s stock, valued at approximately $1,951,707. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.36% of the company’s stock.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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