Bleakley Financial Group LLC Sells 130 Shares of MSCI Inc. (NYSE:MSCI)

Bleakley Financial Group LLC decreased its position in shares of MSCI Inc. (NYSE:MSCI) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,025 shares of the technology company’s stock after selling 130 shares during the quarter. Bleakley Financial Group LLC’s holdings in MSCI were worth $1,181,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MSCI by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock valued at $4,886,777,000 after purchasing an additional 36,043 shares during the period. Capital International Investors lifted its stake in shares of MSCI by 0.5% in the 1st quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock valued at $972,111,000 after purchasing an additional 9,304 shares during the period. Principal Financial Group Inc. lifted its stake in shares of MSCI by 74.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after purchasing an additional 623,712 shares during the period. Sustainable Growth Advisers LP lifted its stake in shares of MSCI by 1.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock valued at $741,508,000 after purchasing an additional 23,217 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of MSCI by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $608.02 on Monday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The company has a market capitalization of $48.17 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The company has a 50-day simple moving average of $574.28 and a 200 day simple moving average of $526.36.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.09. The business had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. MSCI’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted $3.26 EPS. As a group, equities analysts forecast that MSCI Inc. will post 14.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday, July 24th. Evercore ISI started coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target on the stock. The Goldman Sachs Group raised their price objective on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Argus raised their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, UBS Group raised their price objective on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $615.23.

MSCI Company 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.