Columbus Circle Investors reduced its position in Msci Inc (NYSE:MSCI) by 6.8% in the first quarter, Holdings Channel reports. The fund owned 37,660 shares of the technology company’s stock after selling 2,748 shares during the period. Columbus Circle Investors’ holdings in Msci were worth $7,488,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Msci by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock worth $945,540,000 after acquiring an additional 34,795 shares during the last quarter. American Century Companies Inc. grew its position in Msci by 2.5% in the 4th quarter. American Century Companies Inc. now owns 1,615,249 shares of the technology company’s stock worth $238,136,000 after purchasing an additional 39,480 shares during the period. Massachusetts Financial Services Co. MA grew its position in Msci by 7.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock worth $228,480,000 after purchasing an additional 103,911 shares during the period. DSM Capital Partners LLC grew its position in Msci by 24.6% in the 4th quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock worth $184,593,000 after purchasing an additional 247,304 shares during the period. Finally, Geode Capital Management LLC grew its position in Msci by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,158,543 shares of the technology company’s stock worth $170,508,000 after purchasing an additional 30,881 shares during the period. Institutional investors own 93.57% of the company’s stock.
In other news, insider Scott A. Crum sold 19,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the completion of the sale, the insider now owns 96,999 shares of the company’s stock, valued at approximately $16,988,404.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.
Shares of MSCI stock opened at $222.53 on Tuesday. Msci Inc has a 1 year low of $134.28 and a 1 year high of $223.23. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 6.80. The firm has a market cap of $18.74 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 3.60 and a beta of 1.16.
Msci (NYSE:MSCI) last issued its quarterly earnings data on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Msci had a net margin of 35.42% and a return on equity of 196.12%. The firm had revenue of $361.69 million during the quarter, compared to the consensus estimate of $360.95 million. On average, sell-side analysts forecast that Msci Inc will post 6.15 earnings per share for the current fiscal year.
MSCI has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Msci from $175.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Zacks Investment Research downgraded shares of Msci from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Morgan Stanley cut their target price on shares of Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Buckingham Research initiated coverage on shares of Msci in a research report on Friday, January 25th. They issued a “neutral” rating and a $171.00 target price for the company. Finally, Cantor Fitzgerald lifted their target price on shares of Msci to $188.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $190.78.
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.
Further Reading: Market Capitalization – What it Means for Investors
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