Harvest Fund Management Co. Ltd Raises Holdings in Msci Inc (MSCI)

Harvest Fund Management Co. Ltd grew its position in shares of Msci Inc (NYSE:MSCI) by 113.9% during the 3rd quarter, Holdings Channel reports. The firm owned 800 shares of the technology company’s stock after buying an additional 426 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Msci were worth $142,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Msci during the second quarter worth about $461,000. Colony Group LLC grew its holdings in shares of Msci by 5.5% during the second quarter. Colony Group LLC now owns 10,331 shares of the technology company’s stock worth $1,709,000 after purchasing an additional 541 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Msci by 184.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,309 shares of the technology company’s stock worth $713,000 after purchasing an additional 2,792 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of Msci by 867.1% during the second quarter. Hartford Investment Management Co. now owns 14,265 shares of the technology company’s stock worth $2,360,000 after purchasing an additional 12,790 shares during the last quarter. Finally, Sentry Investment Management LLC grew its holdings in shares of Msci by 8.5% during the second quarter. Sentry Investment Management LLC now owns 5,890 shares of the technology company’s stock worth $974,000 after purchasing an additional 461 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on MSCI. Barclays dropped their price objective on Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley set a $172.00 price objective on Msci and gave the stock a “hold” rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cantor Fitzgerald increased their target price on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Finally, BMO Capital Markets initiated coverage on shares of Msci in a research note on Wednesday, July 25th. They set an “outperform” rating and a $198.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $178.14.

Shares of MSCI opened at $144.11 on Friday. Msci Inc has a fifty-two week low of $122.52 and a fifty-two week high of $184.22. The stock has a market cap of $12.80 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.75 and a beta of 1.09. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65.

Msci (NYSE:MSCI) last announced its earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.06. Msci had a net margin of 29.87% and a return on equity of 120.58%. The business had revenue of $357.90 million during the quarter, compared to the consensus estimate of $359.91 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Msci Inc will post 5.26 EPS for the current year.

Msci Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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