Fmr LLC Sells 278,610 Shares of MSCI Inc (MSCI)
Fmr LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,302,564 shares of the technology company’s stock after selling 278,610 shares during the period. Fmr LLC owned approximately 10.33% of MSCI worth $958,071,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of MSCI in the second quarter worth $101,000. Van ECK Associates Corp increased its position in shares of MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after purchasing an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock worth $146,000 after purchasing an additional 805 shares during the period. Pacer Advisors Inc. increased its position in shares of MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after purchasing an additional 46 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock worth $164,000 after purchasing an additional 1,570 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.
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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $103.44, for a total value of $215,465.52. Following the transaction, the chief operating officer now directly owns 180,349 shares in the company, valued at approximately $18,655,300.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 6,249 shares of company stock worth $686,890 over the last 90 days. Corporate insiders own 2.26% of the company’s stock.
MSCI Inc (NYSE:MSCI) opened at 117.42 on Friday. The company has a market cap of $10.57 billion, a PE ratio of 38.02 and a beta of 1.03. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $118.06. The firm has a 50-day moving average price of $112.24 and a 200-day moving average price of $103.84.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. On average, analysts forecast that MSCI Inc will post $3.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were paid a $0.38 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, August 16th. MSCI’s dividend payout ratio is currently 49.03%.
A number of research analysts recently commented on the company. UBS AG raised their price target on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Morgan Stanley raised their price target on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Barclays PLC assumed coverage on MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.29.
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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