United Services Automobile Association Acquires 15,846 Shares of Msci Inc (MSCI)

United Services Automobile Association grew its holdings in Msci Inc (NYSE:MSCI) by 39.7% during the second quarter, Holdings Channel reports. The firm owned 55,745 shares of the technology company’s stock after acquiring an additional 15,846 shares during the quarter. United Services Automobile Association’s holdings in Msci were worth $9,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Msci during the second quarter worth $114,000. Smithfield Trust Co. increased its holdings in Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after buying an additional 772 shares during the last quarter. Rampart Investment Management Company LLC acquired a new position in Msci during the second quarter worth $152,000. Point72 Hong Kong Ltd acquired a new position in Msci during the second quarter worth $207,000. Finally, DAVENPORT & Co LLC acquired a new position in Msci during the second quarter worth $214,000. Institutional investors own 91.24% of the company’s stock.

MSCI stock opened at $167.82 on Tuesday. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65. Msci Inc has a one year low of $115.17 and a one year high of $184.22. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 3.39 and a beta of 0.88.

Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The firm had revenue of $363.05 million during the quarter, compared to analysts’ expectations of $356.01 million. During the same period in the previous year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Msci Inc will post 5.24 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Msci to $192.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Morgan Stanley lifted their price objective on shares of Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of Msci from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. BMO Capital Markets initiated coverage on shares of Msci in a research report on Wednesday, July 25th. They set an “outperform” rating and a $198.00 price objective for the company. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Msci in a research report on Tuesday, June 26th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Msci presently has a consensus rating of “Buy” and a consensus price target of $176.38.

Msci Profile

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.

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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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