Insider Selling: MSCI CEO Sells 7,500 Shares of Stock (MSCI)
MSCI (NASDAQ:MSCI) CEO Henry A. Fernandez sold 7,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $43.85, for a total value of $328,875.00. Following the sale, the chief executive officer now directly owns 839,619 shares in the company, valued at approximately $36,817,293. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MSCI has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of MSCI in a research note on Wednesday, February 12th. They set an “outperform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of MSCI from $48.00 to $47.00 in a research note on Friday, February 7th. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of MSCI in a research note on Friday, January 3rd. They set a “market perform” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MSCI has a consensus rating of “Buy” and an average target price of $44.07.
MSCI (NASDAQ:MSCI) traded down 1.00% during mid-day trading on Friday, hitting $44.53. The stock had a trading volume of 433,351 shares. MSCI has a 52 week low of $31.63 and a 52 week high of $45.42. The stock has a 50-day moving average of $42. and a 200-day moving average of $41.39. The company has a market cap of $5.272 billion and a price-to-earnings ratio of 24.58.
MSCI (NASDAQ:MSCI) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.05. The company had revenue of $267.60 million for the quarter, compared to the consensus estimate of $263.54 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that MSCI will post $2.29 EPS for the current fiscal year.
MSCI Inc (NASDAQ:MSCI) is a provider of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services.
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