Mutual of America Capital Management LLC Has $5.61 Million Stock Holdings in MSCI Inc $MSCI

Key Points

• Mutual of America Capital Management LLC increased its holdings in MSCI Inc by 7.6%, owning 9,718 shares valued at approximately $5.61 million as reported in their latest SEC filing.
• MSCI's CEO, Henry A. Fernandez, purchased 9,916 shares at around $544.70 each, raising his ownership to approximately $697 million.
• Analysts have recently upgraded MSCI with targets ranging from $533 to $700, reflecting a generally positive outlook on the stock's performance.

Mutual of America Capital Management LLC grew its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,718 shares of the technology company's stock after buying an additional 687 shares during the quarter. Mutual of America Capital Management LLC's holdings in MSCI were worth $5,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in shares of MSCI by 336.4% in the first quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company's stock valued at $54,000 after buying an additional 74 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of MSCI by 10.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,882 shares of the technology company's stock valued at $5,123,000 after buying an additional 809 shares in the last quarter. waypoint wealth counsel acquired a new stake in shares of MSCI in the second quarter valued at $355,000. Crestwood Advisors Group LLC increased its stake in shares of MSCI by 6.5% in the first quarter. Crestwood Advisors Group LLC now owns 524 shares of the technology company's stock valued at $296,000 after buying an additional 32 shares in the last quarter. Finally, Ascent Group LLC acquired a new stake in shares of MSCI in the first quarter valued at $288,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Henry A. Fernandez bought 9,916 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of $544.70 per share, for a total transaction of $5,401,245.20. Following the transaction, the chief executive officer owned 1,279,867 shares of the company's stock, valued at $697,143,554.90. This represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 12,400 shares of company stock worth $6,731,599. 3.31% of the stock is currently owned by insiders.

MSCI Stock Up 0.7%

Shares of MSCI stock opened at $540.60 on Wednesday. The stock has a 50-day moving average price of $562.55 and a 200 day moving average price of $558.62. The firm has a market cap of $41.82 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 2.62 and a beta of 1.33. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analyst estimates of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company's revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $3.64 earnings per share. Sell-side analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James Financial upgraded MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 target price for the company in a research note on Friday, July 25th. UBS Group lifted their price objective on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of MSCI in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $647.70.

MSCI Company 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.

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