Creative Planning Has $6.47 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Creative Planning boosted its position in shares of MSCI Inc. (NYSE:MSCI) by 15.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,090 shares of the technology company’s stock after buying an additional 1,499 shares during the period. Creative Planning’s holdings in MSCI were worth $6,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Conning Inc. increased its stake in shares of MSCI by 4.1% in the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after buying an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in MSCI by 3.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after acquiring an additional 20 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after acquiring an additional 20 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of MSCI by 3.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 618 shares of the technology company’s stock worth $298,000 after purchasing an additional 21 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of MSCI by 7.1% during the second quarter. Harbour Investments Inc. now owns 316 shares of the technology company’s stock valued at $152,000 after purchasing an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSCI. Barclays upped their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a report on Wednesday, October 9th. Evercore ISI initiated coverage on MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. UBS Group upped their target price on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research report on Wednesday, July 24th. Seven investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $615.23.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $596.38 on Thursday. The company has a 50 day moving average price of $577.70 and a two-hundred day moving average price of $527.77. The company has a market capitalization of $47.25 billion, a PE ratio of 40.71, a PEG ratio of 3.21 and a beta of 1.11. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39.

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

MSCI Company 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.