Tudor Investment Corp ET AL Sells 3,569 Shares of MSCI Inc (MSCI)
Tudor Investment Corp ET AL lessened its stake in MSCI Inc (NYSE:MSCI) by 31.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,755 shares of the technology company’s stock after selling 3,569 shares during the quarter. Tudor Investment Corp ET AL’s holdings in MSCI were worth $799,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of MSCI in the second quarter valued at approximately $1,854,000. Prudential Financial Inc. increased its holdings in shares of MSCI by 27.4% in the second quarter. Prudential Financial Inc. now owns 469,318 shares of the technology company’s stock valued at $48,335,000 after purchasing an additional 101,000 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of MSCI by 68.6% in the second quarter. Nationwide Fund Advisors now owns 400,163 shares of the technology company’s stock valued at $41,213,000 after purchasing an additional 162,774 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of MSCI by 82.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 42,498 shares of the technology company’s stock valued at $4,377,000 after purchasing an additional 19,162 shares during the last quarter. Finally, Birinyi Associates Inc. increased its holdings in shares of MSCI by 18.2% in the second quarter. Birinyi Associates Inc. now owns 3,250 shares of the technology company’s stock valued at $335,000 after purchasing an additional 500 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on MSCI shares. Morgan Stanley increased their price target on MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Thursday, July 6th. Barclays PLC initiated coverage on MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. UBS AG raised their target price on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $106.29.
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In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the completion of the sale, the chief operating officer now directly owns 176,183 shares in the company, valued at approximately $20,289,234.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.26% of the company’s stock.
Shares of MSCI Inc (NYSE:MSCI) opened at 121.28 on Friday. The firm has a market cap of $10.92 billion, a PE ratio of 39.27 and a beta of 1.03. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $121.40. The firm’s 50-day moving average price is $114.99 and its 200 day moving average price is $105.71.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. On average, equities research analysts forecast that MSCI Inc will post $3.80 EPS for the current fiscal year.
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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