MSCI Inc. (NYSE:MSCI) Shares Sold by Canoe Financial LP

Canoe Financial LP cut its holdings in shares of MSCI Inc. (NYSE:MSCI) by 83.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,254 shares of the technology company’s stock after selling 119,503 shares during the period. Canoe Financial LP’s holdings in MSCI were worth $13,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New World Advisors LLC raised its position in shares of MSCI by 47.7% in the 3rd quarter. New World Advisors LLC now owns 746 shares of the technology company’s stock valued at $435,000 after purchasing an additional 241 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in MSCI by 4.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,515 shares of the technology company’s stock worth $6,712,000 after acquiring an additional 525 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after acquiring an additional 17 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in shares of MSCI by 1.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 8,052 shares of the technology company’s stock worth $4,694,000 after purchasing an additional 145 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of MSCI by 16.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,878 shares of the technology company’s stock valued at $2,261,000 after purchasing an additional 547 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSCI shares. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, July 24th. Morgan Stanley upped 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. Evercore ISI initiated coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. Finally, Argus raised their target price on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $615.23.

MSCI Price Performance

Shares of NYSE:MSCI opened at $588.72 on Monday. The stock’s 50 day moving average price is $578.79 and its 200 day moving average price is $528.27. The stock has a market cap of $46.64 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 3.17 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39.

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.