Hartford Investment Management Co. Sells 130 Shares of MSCI Inc. (NYSE:MSCI)

Hartford Investment Management Co. lessened its stake in MSCI Inc. (NYSE:MSCI) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,946 shares of the technology company’s stock after selling 130 shares during the quarter. Hartford Investment Management Co.’s holdings in MSCI were worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MSCI. Greenleaf Trust increased its holdings in shares of MSCI by 36.9% in the 3rd quarter. Greenleaf Trust now owns 3,596 shares of the technology company’s stock worth $2,096,000 after purchasing an additional 970 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of MSCI by 20.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 745 shares of the technology company’s stock valued at $435,000 after purchasing an additional 127 shares in the last quarter. Lecap Asset Management Ltd. boosted its position in shares of MSCI by 55.9% during the third quarter. Lecap Asset Management Ltd. now owns 5,874 shares of the technology company’s stock valued at $3,424,000 after buying an additional 2,105 shares during the last quarter. Weaver Capital Management LLC increased its holdings in MSCI by 9.0% in the 3rd quarter. Weaver Capital Management LLC now owns 691 shares of the technology company’s stock worth $403,000 after buying an additional 57 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in MSCI by 15.8% in the 3rd quarter. Private Advisor Group LLC now owns 945 shares of the technology company’s stock worth $551,000 after buying an additional 129 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MSCI has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Argus lifted their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company increased their price target on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, UBS Group raised their price target on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $615.23.

MSCI Stock Down 1.3 %

NYSE MSCI opened at $596.38 on Thursday. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39. The company has a market capitalization of $47.25 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The stock’s 50-day moving average price is $577.70 and its 200-day moving average price is $527.77.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The company had revenue of $707.90 million for the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.26 EPS. Research analysts anticipate that MSCI Inc. will post 14.8 EPS for the current year.

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.