SRN Advisors LLC Trims Stake in MSCI Inc. (NYSE:MSCI)

SRN Advisors LLC cut its stake in shares of MSCI Inc. (NYSE:MSCI) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,408 shares of the technology company’s stock after selling 87 shares during the period. MSCI comprises about 1.2% of SRN Advisors LLC’s investment portfolio, making the stock its 24th biggest position. SRN Advisors LLC’s holdings in MSCI were worth $1,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of MSCI. Rothschild Investment LLC purchased a new stake in shares of MSCI in the second quarter worth $26,000. HWG Holdings LP bought a new position in MSCI in the 2nd quarter worth $27,000. Crewe Advisors LLC purchased a new stake in MSCI in the 1st quarter worth $34,000. Ridgewood Investments LLC bought a new stake in MSCI during the second quarter valued at about $40,000. Finally, American National Bank & Trust purchased a new position in shares of MSCI in the third quarter valued at about $58,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSCI shares. Evercore ISI assumed coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price for the company. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group raised their target price 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. Finally, Barclays boosted their price target on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $615.23.

MSCI Trading Down 0.3 %

Shares of NYSE:MSCI opened at $588.72 on Friday. The company 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. The company has a 50-day moving average price of $578.79 and a 200 day moving average price 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.