MSCI Inc. (NYSE:MSCI) Shares Bought by abrdn plc

abrdn plc boosted its holdings in shares of MSCI Inc. (NYSE:MSCI) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,903 shares of the technology company’s stock after purchasing an additional 955 shares during the period. abrdn plc owned approximately 0.12% of MSCI worth $54,340,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MSCI. Wealth Enhancement Advisory Services LLC boosted its stake in shares of MSCI by 4.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,615 shares of the technology company’s stock worth $2,026,000 after acquiring an additional 165 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of MSCI by 4.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,422 shares of the technology company’s stock valued at $797,000 after purchasing an additional 60 shares during the last quarter. Diversified Trust Co increased its stake in MSCI by 1.6% in the 1st quarter. Diversified Trust Co now owns 1,788 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 29 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in MSCI by 7.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 48,601 shares of the technology company’s stock worth $27,239,000 after buying an additional 3,465 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in MSCI by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 187,388 shares of the technology company’s stock valued at $105,022,000 after buying an additional 1,119 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSCI. Argus lifted their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their target price 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. UBS Group lifted their price target on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Barclays increased their price objective on 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $615.23.

MSCI Stock Down 2.7 %

Shares of NYSE:MSCI opened at $578.93 on Wednesday. The business has a 50 day moving average price of $579.80 and a 200 day moving average price of $529.06. The company has a market cap of $45.53 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 3.09 and a beta of 1.11. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

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.