Freedom Investment Management Inc. Has $1.84 Million Stock Holdings in MSCI Inc $MSCI

Freedom Investment Management Inc. cut its holdings in shares of MSCI Inc (NYSE:MSCI) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,186 shares of the technology company’s stock after selling 134 shares during the period. Freedom Investment Management Inc.’s holdings in MSCI were worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its position in MSCI by 15.4% during the 1st quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company’s stock worth $80,000 after buying an additional 19 shares during the period. Quotient Wealth Partners LLC boosted its position in MSCI by 5.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company’s stock worth $204,000 after buying an additional 20 shares during the period. Gries Financial LLC boosted its position in MSCI by 1.3% during the 2nd quarter. Gries Financial LLC now owns 1,505 shares of the technology company’s stock worth $868,000 after buying an additional 20 shares during the period. Copperwynd Financial LLC boosted its position in MSCI by 1.1% during the 2nd quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company’s stock worth $1,034,000 after buying an additional 20 shares during the period. Finally, Signaturefd LLC boosted its position in MSCI by 1.7% during the 1st quarter. Signaturefd LLC now owns 1,261 shares of the technology company’s stock worth $713,000 after buying an additional 21 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Down 0.7%

MSCI stock 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 firm’s fifty day moving average is $561.94 and its 200 day moving average is $558.47. The company has a market capitalization of $41.53 billion, a PE ratio of 35.55, a PEG 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, beating analysts’ consensus estimates of $4.12 by $0.05. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The company had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. During the same quarter in the previous year, the company earned $3.64 EPS. MSCI’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

Insider Activity

In related news, CEO Henry A. Fernandez bought 84 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the transaction, the chief executive officer directly owned 1,279,951 shares of the company’s stock, valued at approximately $702,296,314.19. The trade was a 0.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.31% of the stock is owned by insiders.

Analysts Set New Price Targets

MSCI has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, October 8th. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research report on Friday, July 25th. Finally, Wells Fargo & Company dropped their price target on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and a consensus target price 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.