MSCI Inc. (NYSE:MSCI) Position Increased by Tectonic Advisors LLC

Tectonic Advisors LLC increased its stake in MSCI Inc. (NYSE:MSCI) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the technology company’s stock after purchasing an additional 427 shares during the period. Tectonic Advisors LLC’s holdings in MSCI were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MSCI. Principal Financial Group Inc. lifted its holdings in shares of MSCI by 74.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after purchasing an additional 623,712 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of MSCI by 129.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after purchasing an additional 412,389 shares during the last quarter. Findlay Park Partners LLP bought a new stake in shares of MSCI in the 1st quarter worth approximately $114,836,000. Manning & Napier Advisors LLC acquired a new stake in MSCI in the 2nd quarter valued at approximately $91,748,000. Finally, Swedbank AB acquired a new stake in MSCI in the 1st quarter valued at approximately $75,957,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 0.3 %

Shares of NYSE MSCI opened at $588.72 on Friday. The stock has a market capitalization of $46.64 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 3.17 and a beta of 1.11. The stock’s fifty day simple moving average is $578.25 and its 200 day simple moving average is $528.21. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39.

MSCI (NYSE:MSCI) last issued its earnings results 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. The business had revenue of $707.90 million for the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 EPS. As a group, analysts anticipate that MSCI Inc. will post 14.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSCI shares. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research report on Wednesday, October 9th. Evercore ISI started coverage on MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Wells Fargo & Company raised their target price on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Argus raised their target price on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $615.23.

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.