Dock Street Asset Management Inc. Has $22.70 Million Stake in MSCI Inc. (NYSE:MSCI)

Dock Street Asset Management Inc. grew its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,941 shares of the technology company’s stock after purchasing an additional 1,577 shares during the period. MSCI makes up 3.1% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Dock Street Asset Management Inc.’s holdings in MSCI were worth $22,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSCI. Rothschild Investment LLC acquired a new stake in shares of MSCI in the 2nd quarter worth about $26,000. HWG Holdings LP purchased a new stake in MSCI in the 2nd quarter valued at about $27,000. Crewe Advisors LLC purchased a new stake in MSCI in the 1st quarter valued at about $34,000. Ridgewood Investments LLC purchased a new stake in MSCI in the 2nd quarter valued at about $40,000. Finally, American National Bank & Trust purchased a new stake in MSCI in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MSCI shares. UBS Group increased their price objective on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company increased 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. Morgan Stanley increased their target price on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $615.23.

MSCI Trading Down 0.5 %

Shares of MSCI stock traded down $2.95 on Tuesday, hitting $600.86. 54,695 shares of the company traded hands, compared to its average volume of 537,434. The firm’s 50-day simple moving average is $575.71 and its 200 day simple moving average is $526.86. The company has a market cap of $47.60 billion, a P/E ratio of 41.24, a P/E/G ratio of 3.21 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 (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. Analysts predict that MSCI Inc. will post 14.8 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.