Harbour Investments Inc. Grows Position in MSCI Inc $MSCI

Harbour Investments Inc. boosted its stake in MSCI Inc (NYSE:MSCI) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 268 shares of the technology company’s stock after buying an additional 21 shares during the quarter. Harbour Investments Inc.’s holdings in MSCI were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSCI. GAMMA Investing LLC raised its position in MSCI by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company’s stock valued at $506,000 after buying an additional 69 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of MSCI by 105.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,762 shares of the technology company’s stock valued at $7,783,000 after purchasing an additional 7,063 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of MSCI by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,759 shares of the technology company’s stock valued at $2,126,000 after purchasing an additional 897 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of MSCI by 8.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 33,010 shares of the technology company’s stock valued at $18,667,000 after purchasing an additional 2,522 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of MSCI by 0.6% during the 1st quarter. Bessemer Group Inc. now owns 590,892 shares of the technology company’s stock valued at $334,149,000 after purchasing an additional 3,335 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez bought 84 shares of the business’s stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the purchase, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is currently owned by corporate insiders.

MSCI Stock Performance

MSCI stock opened at $536.81 on Thursday. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.63 and a beta of 1.33. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45. The stock has a fifty day moving average of $561.94 and a 200-day moving average of $558.47.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. During the same quarter last year, the company earned $3.64 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that MSCI Inc will post 16.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their target price on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price for the company in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $647.70.

About MSCI

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.