MSCI Inc (MSCI) COO Cd Baer Pettit Sells 2,083 Shares
MSCI Inc (NYSE:MSCI) COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total value of $239,878.28. Following the sale, the chief operating officer now directly owns 176,183 shares in the company, valued at $20,289,234.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 stock was sold at an average price of $111.16, for a total value of $231,546.28.
- On Monday, July 3rd, Cd Baer Pettit sold 2,083 shares of MSCI stock. The stock was sold at an average price of $103.44, for a total value of $215,465.52.
MSCI Inc (MSCI) traded down 0.92% on Wednesday, reaching $112.09. The company had a trading volume of 386,211 shares. The firm has a 50 day moving average price of $110.71 and a 200-day moving average price of $102.51. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $115.77. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 36.30 and a beta of 1.03.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Analysts forecast that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, August 16th. This is an increase from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio (DPR) is presently 49.03%.
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A number of equities research analysts have recently issued reports on the company. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Credit Suisse Group cut their target price on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $97.00 target price (down from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. Barclays PLC assumed coverage on MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price on the stock. Finally, UBS AG boosted their target price on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $106.29.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in MSCI by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock worth $900,330,000 after buying an additional 121,542 shares during the period. BlackRock Inc. raised its stake in MSCI by 5,307.1% during the 1st quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock worth $798,929,000 after buying an additional 8,068,258 shares during the period. Janus Henderson Group PLC raised its stake in MSCI by 41,366.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock worth $390,808,000 after buying an additional 3,785,473 shares during the period. Fiera Capital Corp raised its stake in MSCI by 11.1% during the 2nd quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock worth $386,228,000 after buying an additional 375,333 shares during the period. Finally, Morgan Stanley raised its stake in MSCI by 5.0% during the 1st quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock worth $326,631,000 after buying an additional 160,690 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.
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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