1,379 MSCI Inc $MSCI Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. decreased its stake in MSCI Inc (NYSE:MSCI) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,838 shares of the technology company’s stock after selling 1,379 shares during the period. MSCI makes up 3.0% of Baskin Financial Services Inc.’s portfolio, making the stock its 18th biggest position. Baskin Financial Services Inc. owned 0.09% of MSCI worth $37,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in MSCI in the 2nd quarter worth $3,062,626,000. Bamco Inc. NY acquired a new stake in shares of MSCI in the 2nd quarter valued at about $1,798,710,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of MSCI during the second quarter worth about $480,613,000. Generation Investment Management LLP bought a new position in shares of MSCI during the second quarter worth about $301,493,000. Finally, Legal & General Group Plc bought a new position in shares of MSCI during the second quarter worth about $257,687,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on MSCI from $700.00 to $662.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. reduced their target price on MSCI from $700.00 to $685.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. UBS Group set a $615.00 target price on MSCI in a report on Wednesday, July 22nd. Barclays lifted their target price on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Evercore set a $722.00 price target on MSCI in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, MSCI presently has an average rating of “Buy” and a consensus target price of $701.17.

Insider Transactions at MSCI

In other news, CFO Andrew Wiechmann sold 450 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $570.00, for a total transaction of $256,500.00. Following the completion of the transaction, the chief financial officer owned 21,644 shares of the company’s stock, valued at approximately $12,337,080. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.76% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI traded down $8.91 during mid-day trading on Monday, hitting $560.17. The company had a trading volume of 407,216 shares, compared to its average volume of 631,814. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.16 and a beta of 1.24. The firm’s 50 day simple moving average is $558.93 and its two-hundred day simple moving average is $575.65.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%. The company had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the previous year, the company earned $4.17 earnings per share. MSCI’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts forecast that MSCI Inc will post 19.55 earnings per share for the current year.

MSCI Profile

MSCI Inc (NYSE:MSCI) is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.