DNB Asset Management AS lowered its position in shares of Msci Inc (NYSE:MSCI) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,359 shares of the technology company’s stock after selling 782 shares during the quarter. DNB Asset Management AS’s holdings in Msci were worth $2,060,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MSCI. CWM LLC grew its holdings in Msci by 252.9% during the 4th quarter. CWM LLC now owns 247 shares of the technology company’s stock worth $36,000 after acquiring an additional 177 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Msci during the 4th quarter worth about $38,000. Valeo Financial Advisors LLC grew its holdings in Msci by 865.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock worth $70,000 after acquiring an additional 424 shares during the last quarter. We Are One Seven LLC bought a new stake in Msci during the 4th quarter worth about $76,000. Finally, Meeder Asset Management Inc. bought a new stake in Msci during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
A number of brokerages have commented on MSCI. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a report on Tuesday, February 5th. Cantor Fitzgerald increased their price objective on shares of Msci to $188.00 and gave the stock a “buy” rating in a report on Friday, February 1st. Buckingham Research began coverage on shares of Msci in a report on Friday, January 25th. They set a “neutral” rating and a $171.00 price objective on the stock. Barclays decreased their price objective on shares of Msci from $175.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. Finally, UBS Group increased their price objective on shares of Msci to $234.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $190.78.
Msci (NYSE:MSCI) last issued its earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. The company had revenue of $361.69 million for the quarter, compared to analyst estimates of $360.95 million. Msci had a net margin of 35.42% and a return on equity of 196.12%. Analysts expect that Msci Inc will post 6.15 EPS for the current year.
In other news, insider Scott A. Crum sold 19,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $175.14, for a total value of $3,327,660.00. Following the transaction, the insider now owns 96,999 shares of the company’s stock, valued at approximately $16,988,404.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.
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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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