Dorsey Wright & Associates decreased its position in shares of Msci Inc (NYSE:MSCI) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,914 shares of the technology company’s stock after selling 2,791 shares during the period. Msci makes up approximately 1.7% of Dorsey Wright & Associates’ holdings, making the stock its 8th largest holding. Dorsey Wright & Associates owned approximately 0.06% of Msci worth $9,210,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Private Advisor Group LLC purchased a new position in shares of Msci in the second quarter worth about $461,000. Colony Group LLC increased its holdings in shares of Msci by 5.5% in the second quarter. Colony Group LLC now owns 10,331 shares of the technology company’s stock worth $1,709,000 after buying an additional 541 shares during the period. Hartford Investment Management Co. increased its holdings in shares of Msci by 867.1% in the second quarter. Hartford Investment Management Co. now owns 14,265 shares of the technology company’s stock worth $2,360,000 after buying an additional 12,790 shares during the period. Sentry Investment Management LLC increased its holdings in shares of Msci by 8.5% in the second quarter. Sentry Investment Management LLC now owns 5,890 shares of the technology company’s stock worth $974,000 after buying an additional 461 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Msci by 184.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,309 shares of the technology company’s stock worth $713,000 after buying an additional 2,792 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.
Shares of NYSE MSCI traded up $2.45 during trading hours on Friday, hitting $154.04. The company’s stock had a trading volume of 765,300 shares, compared to its average volume of 725,076. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market capitalization of $15.76 billion, a PE ratio of 38.92, a PEG ratio of 3.39 and a beta of 0.88. Msci Inc has a 12 month low of $115.17 and a 12 month high of $184.22.
Msci (NYSE:MSCI) last posted its earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The company had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. Msci had a return on equity of 114.65% and a net margin of 27.83%. Msci’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. As a group, equities research analysts anticipate that Msci Inc will post 5.24 earnings per share for the current year.
Several research analysts have recently commented on MSCI shares. Morgan Stanley lifted their price objective on Msci from $160.00 to $168.00 and gave the stock a “$171.53” rating in a report on Wednesday, July 18th. Barclays reissued a “hold” rating and issued a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Zacks Investment Research raised Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Northcoast Research reissued a “neutral” rating on shares of Msci in a research note on Tuesday, June 26th. Finally, BMO Capital Markets began coverage on Msci in a research note on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $176.38.
Msci Company Profile
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.
Further Reading: Yield Curve
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