Chicago Partners Investment Group LLC Purchases 346 Shares of MSCI Inc $MSCI

Chicago Partners Investment Group LLC raised its position in MSCI Inc (NYSE:MSCI) by 70.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 835 shares of the technology company’s stock after acquiring an additional 346 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in MSCI were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MSCI. Olde Wealth Management LLC bought a new position in MSCI in the first quarter valued at about $27,000. Meeder Asset Management Inc. lifted its holdings in MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares during the period. Steph & Co. bought a new position in MSCI in the second quarter valued at about $35,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after acquiring an additional 22 shares during the period. Finally, Banque Transatlantique SA lifted its holdings in MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.7%

NYSE:MSCI opened at $536.81 on Thursday. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The stock has a 50-day moving average price of $561.94 and a 200 day moving average price of $558.47. The stock has a market capitalization of $41.53 billion, a P/E ratio of 35.55, a P/E/G ratio of 2.63 and a beta of 1.33.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (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 firm had revenue of $772.68 million during the quarter, compared to analysts’ expectations of $763.06 million. During the same quarter last year, the business posted $3.64 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez bought 84 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the transaction, the chief executive officer owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

MSCI has been the topic of several recent research reports. UBS Group raised their price objective on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Evercore ISI raised their price objective on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Seaport Res Ptn raised MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently 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.