MSCI Inc $MSCI Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its position in MSCI Inc (NYSE:MSCI) by 40.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,011 shares of the technology company’s stock after purchasing an additional 577 shares during the period. Transcend Capital Advisors LLC’s holdings in MSCI were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MSCI. Vanguard Group Inc. increased its holdings in MSCI by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock valued at $5,302,610,000 after buying an additional 518,833 shares in the last quarter. Principal Financial Group Inc. increased its holdings in MSCI by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company’s stock valued at $920,026,000 after buying an additional 13,918 shares in the last quarter. American Century Companies Inc. increased its holdings in MSCI by 2.0% in the first quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock valued at $570,464,000 after buying an additional 19,846 shares in the last quarter. PineStone Asset Management Inc. increased its holdings in MSCI by 11.9% in the second quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock valued at $513,370,000 after buying an additional 94,466 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in MSCI by 2.6% in the first quarter. Northern Trust Corp now owns 804,640 shares of the technology company’s stock valued at $455,024,000 after buying an additional 20,150 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the subject of a number of recent research reports. Evercore ISI raised their price objective on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. UBS Group raised their price objective on shares of MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Wells Fargo & Company dropped their price objective on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $647.70.

MSCI Stock Performance

MSCI stock opened at $546.69 on Tuesday. The stock has a market capitalization of $42.29 billion, a P/E ratio of 36.20, a PEG ratio of 2.64 and a beta of 1.33. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The company has a 50 day moving average price of $560.90 and a two-hundred day moving average price of $559.36.

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.