Metropolitan Life Insurance Co. NY trimmed its position in shares of Msci Inc (NYSE:MSCI) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,084 shares of the technology company’s stock after selling 172 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Msci were worth $2,519,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in MSCI. Franklin Resources Inc. increased its holdings in Msci by 43.3% in the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock valued at $224,540,000 after buying an additional 382,115 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Msci during the third quarter worth about $47,395,000. DSM Capital Partners LLC grew its holdings in shares of Msci by 24.6% during the fourth quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock worth $184,593,000 after purchasing an additional 247,304 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Msci by 34.2% during the third quarter. Bank of New York Mellon Corp now owns 926,585 shares of the technology company’s stock worth $164,385,000 after purchasing an additional 235,998 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Msci by 74.4% during the third quarter. Marshall Wace LLP now owns 525,781 shares of the technology company’s stock worth $93,279,000 after purchasing an additional 224,301 shares during the last quarter. Institutional investors own 93.54% of the company’s stock.
Several brokerages have issued reports on MSCI. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a report on Wednesday, March 13th. BMO Capital Markets set a $190.00 price objective on Msci and gave the stock a “buy” rating in a report on Saturday, February 2nd. UBS Group increased their target price on shares of Msci to $234.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Morgan Stanley decreased their target price on shares of Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Finally, Buckingham Research assumed coverage on shares of Msci in a research report on Friday, January 25th. They issued a “neutral” rating and a $171.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $190.78.
Msci (NYSE:MSCI) last issued its earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. Msci had a net margin of 35.42% and a return on equity of 196.12%. The company had revenue of $361.69 million during the quarter, compared to analysts’ expectations of $360.95 million. On average, sell-side analysts forecast that Msci Inc will post 6.15 EPS for the current fiscal year.
In other Msci news, insider Scott A. Crum sold 19,000 shares of Msci stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the sale, the insider now directly owns 96,999 shares of the company’s stock, valued at approximately $16,988,404.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.
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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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