Sage Mountain Advisors LLC Sells 32 Shares of MSCI Inc $MSCI

Sage Mountain Advisors LLC reduced its position in shares of MSCI Inc (NYSE:MSCI) by 5.7% in the second quarter, HoldingsChannel reports. The firm owned 533 shares of the technology company’s stock after selling 32 shares during the quarter. Sage Mountain Advisors LLC’s holdings in MSCI were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Ground Swell Capital LLC bought a new stake in shares of MSCI during the 2nd quarter valued at about $386,000. Asset Management One Co. Ltd. grew its stake in shares of MSCI by 1.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 33,332 shares of the technology company’s stock valued at $19,224,000 after acquiring an additional 322 shares during the period. R Squared Ltd grew its stake in shares of MSCI by 13.1% during the 2nd quarter. R Squared Ltd now owns 1,888 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 218 shares during the period. D.A. Davidson & CO. grew its stake in shares of MSCI by 9.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,025 shares of the technology company’s stock valued at $591,000 after acquiring an additional 92 shares during the period. Finally, Wallace Advisory Group LLC grew its stake in shares of MSCI by 3.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 1,667 shares of the technology company’s stock valued at $943,000 after acquiring an additional 55 shares during the period. 89.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSCI. JPMorgan Chase & Co. boosted their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Evercore ISI boosted their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. UBS Group boosted their price objective on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings downgraded MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $647.70.

MSCI Price Performance

MSCI stock opened at $542.82 on Monday. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The company has a market capitalization of $41.99 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.64 and a beta of 1.33. The business has a 50 day simple moving average of $561.09 and a two-hundred day simple moving average of $559.39.

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.