Donaldson Capital Management LLC raised its stake in Msci Inc (NYSE:MSCI) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,520 shares of the technology company’s stock after purchasing an additional 305 shares during the period. Donaldson Capital Management LLC’s holdings in Msci were worth $392,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Squar Milner Financial Services LLC bought a new stake in Msci in the third quarter valued at $28,000. Allred Capital Management LLC bought a new stake in Msci in the fourth quarter valued at $28,000. Thor Advisors LLC bought a new stake in Msci in the third quarter valued at $34,000. Synovus Financial Corp increased its stake in Msci by 285.7% in the third quarter. Synovus Financial Corp now owns 162 shares of the technology company’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Coastal Investment Advisors Inc. bought a new stake in Msci in the third quarter valued at $39,000. 91.71% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Henry A. Fernandez sold 29,873 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $256.63, for a total transaction of $7,666,307.99. Following the transaction, the chief executive officer now directly owns 1,717,813 shares in the company, valued at $440,842,350.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin F. Dupont sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $238.51, for a total transaction of $1,908,080.00. Following the transaction, the director now owns 17,095 shares in the company, valued at $4,077,328.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,873 shares of company stock valued at $13,567,148. 3.10% of the stock is currently owned by insiders.
Several research firms have weighed in on MSCI. Zacks Investment Research downgraded shares of Msci from a “buy” rating to a “hold” rating and set a $277.00 price target for the company. in a research note on Wednesday, November 27th. ValuEngine downgraded shares of Msci from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets boosted their target price on shares of Msci from $252.00 to $268.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Barclays reissued a “buy” rating and set a $290.00 target price on shares of Msci in a research report on Wednesday, December 18th. Finally, UBS Group boosted their target price on shares of Msci from $235.00 to $238.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Msci has a consensus rating of “Hold” and a consensus price target of $244.56.
NYSE:MSCI opened at $266.67 on Wednesday. The firm has a 50-day moving average of $261.21 and a 200-day moving average of $240.04. The company has a market cap of $22.51 billion, a PE ratio of 49.84, a PEG ratio of 3.72 and a beta of 1.13. Msci Inc has a one year low of $153.02 and a one year high of $273.34.
Msci (NYSE:MSCI) last posted its earnings results on Thursday, October 31st. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $394.25 million during the quarter, compared to the consensus estimate of $387.79 million. Msci had a net margin of 39.20% and a negative return on equity of 243.52%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 earnings per share. As a group, equities research analysts predict that Msci Inc will post 6.39 earnings per share for the current year.
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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