Transcend Capital Advisors LLC Boosts Stock Position in MSCI Inc $MSCI

Transcend Capital Advisors LLC boosted its holdings in MSCI Inc (NYSE:MSCI) by 40.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,011 shares of the technology company’s stock after buying an additional 577 shares during the quarter. Transcend Capital Advisors LLC’s holdings in MSCI were worth $1,160,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new stake in shares of MSCI during the first quarter worth about $27,000. Meeder Asset Management Inc. increased its position in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. acquired a new stake in shares of MSCI during the second quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after purchasing an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA increased its position in shares of MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.8%

Shares of NYSE:MSCI opened at $546.69 on Tuesday. The company has a market cap of $42.29 billion, a P/E ratio of 36.20, a PEG ratio of 2.64 and a beta of 1.33. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45. The company has a 50-day moving average price of $560.90 and a 200 day moving average price of $559.36.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of research analyst reports. UBS Group lifted their target price on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price on the stock in a research report on Friday, July 25th. Weiss Ratings downgraded shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI increased their target price on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $647.70.

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.