Creative Planning Buys 1,499 Shares of MSCI Inc. (NYSE:MSCI)

Creative Planning lifted its stake in shares of MSCI Inc. (NYSE:MSCI) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,090 shares of the technology company’s stock after acquiring an additional 1,499 shares during the quarter. Creative Planning’s holdings in MSCI were worth $6,465,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in MSCI during the second quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of MSCI during the 2nd quarter worth $27,000. Crewe Advisors LLC acquired a new position in MSCI in the 1st quarter valued at $34,000. Ridgewood Investments LLC bought a new position in MSCI in the 2nd quarter worth $40,000. Finally, American National Bank & Trust acquired a new position in MSCI during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

NYSE:MSCI opened at $596.38 on Thursday. The company has a 50-day moving average of $577.70 and a 200-day moving average of $527.77. 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 $47.25 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. During the same quarter last year, the company earned $3.26 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that MSCI Inc. will post 14.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSCI. The Goldman Sachs Group raised their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their target price on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Argus upped their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.23.

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.