MSCI Inc (NYSE:MSCI) COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the transaction, the chief operating officer now owns 176,183 shares of the company’s stock, valued at approximately $20,289,234.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cd Baer Pettit also recently made the following trade(s):
- On Monday, August 7th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28.
- On Monday, July 3rd, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52.
MSCI Inc (NYSE MSCI) traded down 2.93% on Wednesday, reaching $114.29. 373,424 shares of the company traded hands. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $118.06. The stock has a 50 day moving average of $111.72 and a 200-day moving average of $103.18. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 37.01 and a beta of 1.03.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that MSCI Inc will post $3.80 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, August 16th. This is an increase from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.33%. MSCI’s payout ratio is currently 49.03%.
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A number of research firms recently issued reports on MSCI. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley upped their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Thursday, July 6th. UBS AG increased their target price on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC began coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $106.29.
Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of MSCI during the second quarter worth about $101,000. Toronto Dominion Bank grew its position in shares of MSCI by 13.7% during the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after buying an additional 134 shares in the last quarter. Van ECK Associates Corp grew its position in shares of MSCI by 6.8% during the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after buying an additional 95 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of MSCI by 115.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock worth $146,000 after buying an additional 805 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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