New World Advisors LLC Raises Holdings in MSCI Inc. (NYSE:MSCI)

New World Advisors LLC boosted its stake in MSCI Inc. (NYSE:MSCI) by 47.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 746 shares of the technology company’s stock after buying an additional 241 shares during the quarter. New World Advisors LLC’s holdings in MSCI were worth $435,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its position in shares of MSCI by 4.8% in the third quarter. State of Alaska Department of Revenue now owns 11,515 shares of the technology company’s stock valued at $6,712,000 after acquiring an additional 525 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in MSCI by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after purchasing an additional 17 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in MSCI by 1.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 8,052 shares of the technology company’s stock valued at $4,694,000 after purchasing an additional 145 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of MSCI by 16.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,878 shares of the technology company’s stock worth $2,261,000 after purchasing an additional 547 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in shares of MSCI by 4.4% during the 3rd quarter. Forsta AP Fonden now owns 23,800 shares of the technology company’s stock worth $13,874,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday, July 24th. Finally, Barclays raised their price target on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $615.23.

MSCI Stock Down 0.3 %

Shares of MSCI stock traded down $1.53 during trading hours on Friday, hitting $588.72. 391,573 shares of the company’s stock traded hands, compared to its average volume of 535,621. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39. The company has a market cap of $46.64 billion, a PE ratio of 40.19, a PEG ratio of 3.17 and a beta of 1.11. The stock has a 50 day simple moving average of $578.79 and a 200-day simple moving average of $528.30.

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.