Invesco LLC Buys Shares of 339 MSCI Inc. (NYSE:MSCI)

Invesco LLC bought a new position in shares of MSCI Inc. (NYSE:MSCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 339 shares of the technology company’s stock, valued at approximately $203,000.

Several other institutional investors also recently modified their holdings of MSCI. LRI Investments LLC grew its stake in shares of MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after purchasing an additional 24 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of MSCI in the third quarter valued at about $38,000. Ashton Thomas Securities LLC bought a new position in shares of MSCI during the third quarter worth about $40,000. Planning Capital Management Corp lifted its stake in shares of MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares during the period. Finally, Private Trust Co. NA lifted its position in shares of MSCI by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Down 5.9 %

NYSE:MSCI traded down $37.01 during trading hours on Wednesday, hitting $591.33. 167,222 shares of the company traded hands, compared to its average volume of 413,435. MSCI Inc. has a one year low of $439.95 and a one year high of $642.45. The company has a market cap of $46.34 billion, a PE ratio of 38.83, a PEG ratio of 2.78 and a beta of 1.11. The firm’s 50-day simple moving average is $606.56 and its 200-day simple moving average is $581.42.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. During the same period last year, the business posted $3.68 earnings per share. As a group, equities research analysts expect that MSCI Inc. will post 14.99 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSCI shares. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. 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. Morgan Stanley lifted their target price on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. Finally, Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $649.85.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 2,900 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the purchase, the chief executive officer now owns 330,379 shares in the company, valued at approximately $202,456,251.20. This trade represents a 0.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

MSCI Company 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.