Blue Trust Inc. Sells 365 Shares of MSCI Inc. (NYSE:MSCI)

Blue Trust Inc. decreased its position in shares of MSCI Inc. (NYSE:MSCI) by 30.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 847 shares of the technology company’s stock after selling 365 shares during the quarter. Blue Trust Inc.’s holdings in MSCI were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MSCI. Mogy Joel R Investment Counsel Inc. raised its holdings in MSCI by 12.4% during the 3rd quarter. Mogy Joel R Investment Counsel Inc. now owns 21,912 shares of the technology company’s stock worth $12,773,000 after buying an additional 2,420 shares during the period. Net Worth Advisory Group acquired a new stake in MSCI during the 3rd quarter worth approximately $366,000. Aaron Wealth Advisors LLC acquired a new stake in MSCI during the 3rd quarter worth approximately $223,000. M3 Advisory Group LLC acquired a new stake in MSCI during the 3rd quarter worth approximately $220,000. Finally, V Square Quantitative Management LLC raised its holdings in MSCI by 16.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 510 shares of the technology company’s stock worth $297,000 after buying an additional 73 shares during the period. Institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

MSCI has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Evercore ISI assumed coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective on the stock. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and an average price target of $615.23.

MSCI Trading Up 0.0 %

NYSE MSCI opened at $604.08 on Wednesday. The firm’s fifty day moving average price is $576.86 and its two-hundred day moving average price is $527.29. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39. The firm has a market capitalization of $47.86 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. During the same period in the previous year, the company earned $3.26 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts anticipate that MSCI Inc. will post 14.8 EPS for the current fiscal year.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.