Harbour Investments Inc. Acquires 21 Shares of MSCI Inc $MSCI

Harbour Investments Inc. grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268 shares of the technology company’s stock after acquiring an additional 21 shares during the quarter. Harbour Investments Inc.’s holdings in MSCI were worth $155,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of MSCI during the 1st quarter valued at about $27,000. Meeder Asset Management Inc. boosted its position in shares of MSCI by 136.4% during the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Steph & Co. bought a new stake in shares of MSCI during the 2nd quarter valued at about $35,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after acquiring an additional 22 shares during the last quarter. Finally, Banque Transatlantique SA boosted its position in shares of MSCI by 355.6% during the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.7%

Shares of NYSE MSCI opened at $536.81 on Thursday. The stock’s 50-day moving average is $561.94 and its 200 day moving average is $558.47. The stock has a market cap of $41.53 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 2.63 and a beta of 1.33. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. The business had revenue of $772.68 million for the quarter, compared to analysts’ expectations of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.64 EPS. On average, analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MSCI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI raised their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, UBS Group raised their price objective on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, MSCI has an average rating of “Moderate Buy” and a consensus target price of $647.70.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez purchased 84 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $548.69 per share, with a total value of $46,089.96. Following the purchase, the chief executive officer directly owned 1,279,951 shares of the company’s stock, valued at approximately $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.31% of the stock is owned by company insiders.

MSCI Profile

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.