Msci Inc (NYSE:MSCI) insider Scott A. Crum sold 3,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $376.69, for a total value of $1,318,415.00. Following the completion of the transaction, the insider now directly owns 29,279 shares of the company’s stock, valued at approximately $11,029,106.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of MSCI stock opened at $375.98 on Friday. Msci Inc has a 1 year low of $206.82 and a 1 year high of $398.49. The stock’s 50 day simple moving average is $353.33 and its two-hundred day simple moving average is $315.44. The company has a market cap of $31.33 billion, a PE ratio of 53.35 and a beta of 0.94.

Msci (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Msci had a negative return on equity of 268.97% and a net margin of 32.14%. The business had revenue of $409.60 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Msci Inc will post 7.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Msci’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 0.83%. Msci’s dividend payout ratio is 42.24%.

MSCI has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Msci from $337.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Deutsche Bank began coverage on Msci in a research note on Friday, July 17th. They issued a “hold” rating for the company. BMO Capital Markets boosted their target price on Msci from $346.00 to $501.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $369.00 target price on the stock in a research report on Tuesday, July 7th. Finally, UBS Group boosted their target price on Msci from $342.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $346.44.

A number of hedge funds have recently modified their holdings of MSCI. Altshuler Shaham Ltd raised its position in Msci by 512.5% during the first quarter. Altshuler Shaham Ltd now owns 98 shares of the technology company’s stock valued at $28,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Msci during the second quarter valued at approximately $28,000. Procyon Private Wealth Partners LLC bought a new position in shares of Msci during the fourth quarter valued at approximately $29,000. JCIC Asset Management Inc. bought a new position in shares of Msci during the first quarter valued at approximately $30,000. Finally, Shine Investment Advisory Services Inc. grew its stake in shares of Msci by 82.5% during the first quarter. Shine Investment Advisory Services Inc. now owns 104 shares of the technology company’s stock valued at $30,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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