Pelham Global Financials Ltd. trimmed its holdings in Msci Inc (NYSE:MSCI) by 43.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,600 shares of the technology company’s stock after selling 68,400 shares during the quarter. Msci comprises about 11.4% of Pelham Global Financials Ltd.’s portfolio, making the stock its 5th biggest position. Pelham Global Financials Ltd.’s holdings in Msci were worth $17,816,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Investec Asset Management LTD increased its holdings in Msci by 4.4% during the 1st quarter. Investec Asset Management LTD now owns 32,722 shares of the technology company’s stock worth $6,506,000 after purchasing an additional 1,368 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Msci during the 1st quarter worth approximately $880,000. Conning Inc. bought a new stake in Msci during the 1st quarter worth approximately $272,000. Financial Gravity Wealth Inc. bought a new stake in Msci during the 1st quarter worth approximately $103,000. Finally, Strs Ohio increased its holdings in Msci by 142.0% during the 1st quarter. Strs Ohio now owns 33,022 shares of the technology company’s stock worth $6,566,000 after purchasing an additional 19,375 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
MSCI has been the subject of a number of recent research reports. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a report on Tuesday, February 5th. 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 reissued a “buy” rating and set a $196.00 price objective (up from $159.00) on shares of Msci in a report on Friday, February 1st. Cantor Fitzgerald upped their target price on Msci to $188.00 and gave the company a “buy” rating in a report on Friday, February 1st. Finally, Morgan Stanley reduced their target price on Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Msci presently has an average rating of “Buy” and an average target price of $190.78.
Shares of NYSE:MSCI traded up $0.03 during trading on Wednesday, hitting $226.06. 8,680 shares of the company were exchanged, compared to its average volume of 615,998. The company has a market cap of $19.13 billion, a P/E ratio of 42.27, a P/E/G ratio of 3.60 and a beta of 1.16. Msci Inc has a 52-week low of $134.28 and a 52-week high of $226.14. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77.
Msci (NYSE:MSCI) last posted its earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. The firm had revenue of $361.69 million for the quarter, compared to the consensus estimate of $360.95 million. Msci had a return on equity of 196.12% and a net margin of 35.42%. On average, analysts expect that Msci Inc will post 6.15 earnings per share for the current fiscal year.
Msci Company Profile
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.
Further Reading: Treasury Bonds
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