MSCI Inc. (NYSE:MSCI) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in shares of MSCI Inc. (NYSE:MSCI) by 20.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 745 shares of the technology company’s stock after acquiring an additional 127 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in MSCI were worth $435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Conning Inc. lifted its holdings in MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after buying an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in MSCI by 3.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after acquiring an additional 20 shares during the period. Concurrent Investment Advisors LLC increased its position in MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after acquiring an additional 20 shares during the period. Harbour Investments Inc. increased its position in shares of MSCI by 7.1% during the 2nd quarter. Harbour Investments Inc. now owns 316 shares of the technology company’s stock valued at $152,000 after purchasing an additional 21 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of MSCI by 11.1% during the 1st quarter. EntryPoint Capital LLC now owns 221 shares of the technology company’s stock valued at $124,000 after purchasing an additional 22 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSCI. Wells Fargo & Company lifted their price target on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a research note on Wednesday, October 9th. Morgan Stanley raised their target price on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Finally, Evercore ISI started coverage on MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.23.

MSCI Price Performance

Shares of MSCI opened at $596.38 on Thursday. The company has a market capitalization of $47.25 billion, a P/E ratio of 40.71, a PEG ratio of 3.21 and a beta of 1.11. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39. The business’s 50 day simple moving average is $577.70 and its 200-day simple moving average is $527.77.

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