Freedom Day Solutions LLC Increases Stock Position in MSCI Inc. (NYSE:MSCI)

Freedom Day Solutions LLC lifted its stake in shares of MSCI Inc. (NYSE:MSCI) by 1.1% during the third quarter, HoldingsChannel.com reports. The firm owned 4,577 shares of the technology company’s stock after purchasing an additional 48 shares during the quarter. Freedom Day Solutions LLC’s holdings in MSCI were worth $2,668,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Tectonic Advisors LLC increased its holdings in shares of MSCI by 55.5% in the third quarter. Tectonic Advisors LLC now owns 1,197 shares of the technology company’s stock worth $698,000 after purchasing an additional 427 shares during the period. Dakota Wealth Management grew its position in MSCI by 1.3% during the third quarter. Dakota Wealth Management now owns 4,075 shares of the technology company’s stock worth $2,375,000 after buying an additional 54 shares in the last quarter. Values First Advisors Inc. bought a new position in MSCI in the 3rd quarter worth about $133,000. Assenagon Asset Management S.A. raised its holdings in shares of MSCI by 358.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock valued at $77,900,000 after acquiring an additional 104,474 shares in the last quarter. Finally, JCIC Asset Management Inc. boosted its position in shares of MSCI by 22.0% during the 3rd quarter. JCIC Asset Management Inc. now owns 360 shares of the technology company’s stock valued at $210,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $590.25 on Friday. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39. The stock has a market capitalization of $46.42 billion, a PE ratio of 39.53, a PEG ratio of 3.17 and a beta of 1.11. The business’s 50-day moving average is $577.70 and its 200 day moving average is $527.77.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 143.09% and a net margin of 43.86%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $3.26 EPS. As a group, equities research analysts anticipate that MSCI Inc. will post 14.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MSCI shares. Morgan Stanley boosted their price target on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. UBS Group upped their target price on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Argus raised their price target on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group lifted their price target on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.