Signaturefd LLC Raises Position in MSCI Inc. (NYSE:MSCI)

Signaturefd LLC raised its stake in MSCI Inc. (NYSE:MSCI) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,248 shares of the technology company’s stock after purchasing an additional 80 shares during the quarter. Signaturefd LLC’s holdings in MSCI were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MSCI. Aspiriant LLC purchased a new stake in shares of MSCI during the first quarter valued at approximately $229,000. Wealth Enhancement Advisory Services LLC increased its position in shares of MSCI by 4.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,615 shares of the technology company’s stock valued at $2,026,000 after acquiring an additional 165 shares during the last quarter. Toth Financial Advisory Corp increased its position in shares of MSCI by 21.1% during the first quarter. Toth Financial Advisory Corp now owns 172 shares of the technology company’s stock valued at $96,000 after acquiring an additional 30 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of MSCI by 4.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,422 shares of the technology company’s stock valued at $797,000 after acquiring an additional 60 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its position in shares of MSCI by 4.4% during the first quarter. SteelPeak Wealth LLC now owns 1,253 shares of the technology company’s stock valued at $702,000 after acquiring an additional 53 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

Shares of MSCI stock opened at $590.25 on Friday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The company has a market capitalization of $46.76 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The business’s fifty day moving average is $577.70 and its 200 day moving average is $527.77.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. Finally, Barclays increased their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $615.23.

About MSCI

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.