Pallas Capital Advisors LLC Buys 960 Shares of MSCI Inc. (NYSE:MSCI)

Pallas Capital Advisors LLC grew its stake in shares of MSCI Inc. (NYSE:MSCI) by 65.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,419 shares of the technology company’s stock after acquiring an additional 960 shares during the quarter. Pallas Capital Advisors LLC’s holdings in MSCI were worth $1,428,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MSCI. Rothschild Investment LLC purchased a new stake in MSCI during the 2nd quarter valued at about $26,000. HWG Holdings LP bought a new position in shares of MSCI in the second quarter worth approximately $27,000. Crewe Advisors LLC bought a new position in shares of MSCI in the first quarter worth approximately $34,000. Ridgewood Investments LLC purchased a new stake in shares of MSCI during the second quarter valued at approximately $40,000. Finally, American National Bank & Trust bought a new stake in shares of MSCI during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 2.7 %

MSCI opened at $578.93 on Wednesday. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $631.70. 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. The company’s 50 day moving average is $579.80 and its 200 day moving average is $529.06.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSCI shares. Argus upped their price objective on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays lifted their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Morgan Stanley upped their target price on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $615.23.

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.