Pallas Capital Advisors LLC Acquires 960 Shares of MSCI Inc. (NYSE:MSCI)

Pallas Capital Advisors LLC boosted its holdings in MSCI Inc. (NYSE:MSCI) by 65.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,419 shares of the technology company’s stock after acquiring an additional 960 shares during the quarter. Pallas Capital Advisors LLC’s holdings in MSCI were worth $1,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of MSCI in the second quarter worth approximately $26,000. HWG Holdings LP purchased a new position in MSCI in the 2nd quarter worth approximately $27,000. Crewe Advisors LLC bought a new position in shares of MSCI in the 1st quarter worth $34,000. Ridgewood Investments LLC purchased a new stake in shares of MSCI during the 2nd quarter valued at $40,000. Finally, American National Bank & Trust purchased a new stake in shares of MSCI during the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research note on Wednesday, October 9th. Argus boosted their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price objective on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, July 24th. Finally, Barclays raised their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $615.23.

MSCI Trading Down 2.7 %

Shares of MSCI stock opened at $578.93 on Wednesday. The company’s fifty day moving average price is $579.80 and its 200-day moving average price is $529.06. The stock has a market cap of $45.53 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70.

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.