Pittenger & Anderson Inc. Purchases 751 Shares of MSCI Inc $MSCI

Key Points

• Pittenger & Anderson Inc. increased its holdings in MSCI Inc. by 2.5% to a total of 30,650 shares, valued at approximately $17.68 million.
• MSCI's CEO, Henry A. Fernandez, purchased 84 shares for about $46,090, raising his ownership to 1,279,951 shares valued at around $702 million.
• Equity analysts are bullish on MSCI, with price targets ranging from $533 to $700 and many rating the stock as a Buy or Outperform.

Pittenger & Anderson Inc. raised its position in MSCI Inc (NYSE:MSCI - Free Report) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,650 shares of the technology company's stock after purchasing an additional 751 shares during the quarter. Pittenger & Anderson Inc.'s holdings in MSCI were worth $17,677,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Olde Wealth Management LLC bought a new position in MSCI in the first quarter valued at about $27,000. Meeder Asset Management Inc. raised its position in MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Steph & Co. bought a new position in MSCI in the second quarter valued at about $35,000. Migdal Insurance & Financial Holdings Ltd. raised its position in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock valued at $37,000 after purchasing an additional 22 shares during the last quarter. Finally, HWG Holdings LP bought a new position in MSCI in the first quarter valued at about $44,000. 89.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez bought 84 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, with a total value of $46,089.96. Following the completion of the purchase, the chief executive officer directly owned 1,279,951 shares of the company's stock, valued at approximately $702,296,314.19. This trade represents a 0.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 12,400 shares of company stock worth $6,731,599 over the last ninety days. Company insiders own 3.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MSCI shares. Evercore ISI increased their price target on MSCI from $588.00 to $611.00 and gave the company an "outperform" rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a "buy (b-)" rating on shares of MSCI in a research note on Wednesday, October 8th. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a research note on Friday, July 25th. Wells Fargo & Company decreased their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group increased their price target on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $647.70.

MSCI Price Performance

NYSE MSCI opened at $536.78 on Tuesday. The business has a 50 day simple moving average of $562.75 and a 200 day simple moving average of $558.74. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The stock has a market capitalization of $41.53 billion, a P/E ratio of 35.55, a P/E/G ratio of 2.60 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business had revenue of $772.68 million during the quarter, compared to analysts' expectations of $763.06 million. During the same quarter last year, the firm posted $3.64 earnings per share. The firm's revenue was up 9.1% on a year-over-year basis. Equities analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.

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.

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