US Bancorp DE increased its holdings in Msci Inc (NYSE:MSCI) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,578 shares of the technology company’s stock after purchasing an additional 576 shares during the period. US Bancorp DE’s holdings in Msci were worth $910,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MSCI. Prime Capital Investment Advisors LLC bought a new stake in shares of Msci in the fourth quarter valued at about $38,000. FTB Advisors Inc. lifted its stake in shares of Msci by 37.5% in the first quarter. FTB Advisors Inc. now owns 422 shares of the technology company’s stock valued at $84,000 after buying an additional 115 shares during the period. Parallel Advisors LLC lifted its stake in shares of Msci by 78.5% in the first quarter. Parallel Advisors LLC now owns 441 shares of the technology company’s stock valued at $88,000 after buying an additional 194 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of Msci in the fourth quarter valued at about $103,000. Finally, Financial Gravity Wealth Inc. bought a new stake in shares of Msci in the first quarter valued at about $103,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Msci from $216.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, June 13th. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Wednesday, March 13th. UBS Group increased their price target on shares of Msci to $234.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays reissued a “buy” rating and issued a $240.00 price target on shares of Msci in a research report on Sunday, May 5th. Finally, Cantor Fitzgerald increased their price target on shares of Msci from $188.00 to $247.00 in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Msci presently has a consensus rating of “Buy” and a consensus price target of $212.50.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.15. Msci had a net margin of 39.27% and a return on equity of 813.48%. The business had revenue of $371.38 million during the quarter, compared to analyst estimates of $371.48 million. During the same quarter last year, the business posted $1.31 earnings per share. Msci’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Msci Inc will post 6.32 earnings per share for the current fiscal 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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