Hillsdale Investment Management Inc. Acquires Shares of 2,900 MSCI Inc (MSCI)
Hillsdale Investment Management Inc. acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,900 shares of the technology company’s stock, valued at approximately $299,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. OppenheimerFunds Inc. raised its stake in shares of MSCI by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after acquiring an additional 8 shares during the period. Alps Advisors Inc. lifted its holdings in shares of MSCI by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock worth $512,000 after acquiring an additional 13 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MSCI by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,751 shares of the technology company’s stock worth $851,000 after acquiring an additional 38 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of MSCI by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after acquiring an additional 46 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of MSCI by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock worth $1,884,000 after purchasing an additional 64 shares during the period. 94.59% of the stock is currently owned by institutional investors.
Shares of MSCI Inc (NYSE:MSCI) opened at 116.90 on Monday. The stock’s 50 day moving average is $112.24 and its 200-day moving average is $103.84. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $118.59. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 37.86 and a beta of 1.03.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same period in the previous year, the business posted $0.77 EPS. MSCI’s revenue was up 8.8% on a year-over-year basis. On average, analysts anticipate that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.16, for a total transaction of $239,878.28. Following the sale, the chief operating officer now owns 176,183 shares of the company’s stock, valued at approximately $20,289,234.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.26% of the stock is owned by company insiders.
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A number of equities analysts recently commented on the stock. BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, July 6th. UBS AG increased their price objective on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Morgan Stanley reissued an “equal weight” rating and issued a $97.00 price objective (down previously from $98.00) on shares of MSCI in a research note on Tuesday, July 18th. Finally, Barclays PLC started coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $106.29.
MSCI Company Profile
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.
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