Sequoia Financial Advisors LLC Purchases 302 Shares of MSCI Inc. (NYSE:MSCI)

Sequoia Financial Advisors LLC raised its position in MSCI Inc. (NYSE:MSCI) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,318 shares of the technology company’s stock after buying an additional 302 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MSCI were worth $1,351,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in MSCI in the 2nd quarter valued at about $26,000. HWG Holdings LP bought a new position in MSCI in the 2nd quarter valued at about $27,000. Crewe Advisors LLC bought a new position in MSCI in the 1st quarter valued at about $34,000. Ridgewood Investments LLC bought a new position in MSCI in the 2nd quarter valued at about $40,000. Finally, American National Bank & Trust bought a new position in MSCI in the 3rd quarter valued at about $58,000. 89.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSCI has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Argus raised their price target on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI initiated coverage on shares of MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target on the stock. Wells Fargo & Company raised their price target on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and a consensus target price of $615.23.

MSCI Stock Performance

Shares of NYSE MSCI opened at $590.25 on Friday. The company has a market capitalization of $46.76 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The company’s 50 day moving average price is $577.70 and its 200-day moving average price is $527.77.

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

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.