Invesco LLC Buys New Shares in MSCI Inc. (NYSE:MSCI)

Invesco LLC purchased a new stake in shares of MSCI Inc. (NYSE:MSCI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 339 shares of the technology company’s stock, valued at approximately $203,000.

Several other large investors have also recently added to or reduced their stakes in MSCI. Swedbank AB boosted its holdings in MSCI by 10.0% during the fourth quarter. Swedbank AB now owns 169,532 shares of the technology company’s stock valued at $101,721,000 after purchasing an additional 15,425 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of MSCI by 23.5% in the 4th quarter. Forsta AP Fonden now owns 29,400 shares of the technology company’s stock valued at $17,640,000 after purchasing an additional 5,600 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of MSCI by 19.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 54,469 shares of the technology company’s stock worth $32,682,000 after purchasing an additional 8,919 shares in the last quarter. R Squared Ltd bought a new position in MSCI during the 4th quarter valued at about $372,000. Finally, Perigon Wealth Management LLC boosted its position in MSCI by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 575 shares of the technology company’s stock valued at $351,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSCI. Wolfe Research upgraded MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $649.85.

MSCI Trading Down 5.9 %

Shares of NYSE:MSCI traded down $37.01 on Wednesday, hitting $591.33. The company had a trading volume of 167,222 shares, compared to its average volume of 413,435. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $642.45. The stock has a market cap of $46.34 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 2.78 and a beta of 1.11. The stock has a 50 day moving average price of $606.56 and a 200 day moving average price of $581.42.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. During the same period in the prior year, the firm posted $3.68 earnings per share. Sell-side analysts anticipate that MSCI Inc. will post 14.99 earnings per share for the current fiscal year.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez bought 2,900 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the transaction, the chief executive officer now owns 330,379 shares in the company, valued at $202,456,251.20. The trade was a 0.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

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.