Freedom Day Solutions LLC Has $2.67 Million Stake in MSCI Inc. (NYSE:MSCI)

Freedom Day Solutions LLC increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,577 shares of the technology company’s stock after buying an additional 48 shares during the quarter. Freedom Day Solutions LLC’s holdings in MSCI were worth $2,668,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in MSCI in the second quarter valued at 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 stake in MSCI in the first quarter valued at about $34,000. Ridgewood Investments LLC bought a new position in MSCI in the second quarter valued at about $40,000. Finally, American National Bank & Trust bought a new position in shares of MSCI in the third quarter worth about $58,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MSCI has been the topic of a number of research analyst reports. Barclays raised their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. The Goldman Sachs Group raised their target price on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI assumed coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. UBS Group upped their price target on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $615.23.

MSCI Stock Performance

NYSE:MSCI opened at $590.25 on Friday. The firm has a 50-day moving average price of $577.70 and a two-hundred day moving average price of $527.77. The firm has a market cap of $46.42 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 3.17 and a beta of 1.11. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39.

MSCI (NYSE:MSCI) last posted 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 company had revenue of $707.90 million for the quarter, compared to analysts’ expectations of $696.41 million. During the same quarter in the previous year, the firm posted $3.26 EPS. MSCI’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that MSCI Inc. will post 14.83 earnings per share for the current year.

MSCI 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.