Clinton Group Inc. lessened its holdings in MSCI Inc (NYSE:MSCI) by 38.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,401 shares of the technology company’s stock after selling 3,962 shares during the quarter. Clinton Group Inc.’s holdings in MSCI were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSCI. Penserra Capital Management LLC bought a new stake in MSCI in the second quarter valued at $101,000. Van ECK Associates Corp lifted its stake in MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Pacer Advisors Inc. lifted its stake in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total transaction of $231,546.28. Following the transaction, the chief operating officer now owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.26% of the company’s stock.

A number of equities research analysts have issued reports on MSCI shares. Morgan Stanley raised their target price on MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Thursday, July 6th. Barclays PLC assumed coverage on shares of MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective on the stock. UBS AG lifted their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $106.29.

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Shares of MSCI Inc (NYSE:MSCI) opened at 121.10 on Friday. The company has a market capitalization of $10.91 billion, a PE ratio of 39.22 and a beta of 1.03. The company’s 50 day moving average is $114.67 and its 200-day moving average is $105.54. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $121.10.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts expect that MSCI Inc will post $3.80 EPS for the current fiscal year.

About MSCI

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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