Holdings L.P. Valueact Sells 125,000 Shares of MSCI Inc. (MSCI) Stock
MSCI Inc. (NYSE:MSCI) Director Holdings L.P. Valueact sold 125,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $86.23, for a total value of $10,778,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Holdings L.P. Valueact also recently made the following trade(s):
- On Tuesday, September 20th, Holdings L.P. Valueact sold 75,000 shares of MSCI stock. The stock was sold at an average price of $85.66, for a total value of $6,424,500.00.
- On Monday, September 19th, Holdings L.P. Valueact sold 75,000 shares of MSCI stock. The stock was sold at an average price of $85.35, for a total value of $6,401,250.00.
Shares of MSCI Inc. (NYSE:MSCI) traded up 1.26% during midday trading on Wednesday, reaching $86.74. The company’s stock had a trading volume of 490,477 shares. MSCI Inc. has a 52 week low of $56.87 and a 52 week high of $90.79. The company has a 50 day moving average of $87.06 and a 200-day moving average of $78.85. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 35.46 and a beta of 1.02.
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MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $290.60 million for the quarter, compared to analyst estimates of $286.46 million. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. Equities research analysts predict that MSCI Inc. will post $2.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were paid a dividend of $0.28 per share. This is an increase from MSCI’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 11th. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. MSCI’s dividend payout ratio is presently 45.71%.
MSCI has been the subject of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating on shares of MSCI in a report on Friday, August 19th. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $88.00 target price on shares of MSCI in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. MSCI presently has an average rating of “Hold” and an average target price of $80.50.
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of MSCI by 3.4% in the first quarter. Geode Capital Management LLC now owns 607,009 shares of the company’s stock valued at $44,940,000 after buying an additional 20,022 shares during the last quarter. Pictet Asset Management Ltd. purchased a new position in shares of MSCI during the first quarter valued at about $2,126,000. HL Financial Services LLC increased its position in shares of MSCI by 4.3% in the second quarter. HL Financial Services LLC now owns 83,178 shares of the company’s stock valued at $6,415,000 after buying an additional 3,400 shares during the last quarter. BlackRock Japan Co. Ltd purchased a new position in shares of MSCI during the first quarter valued at about $9,411,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of MSCI by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 484,228 shares of the company’s stock valued at $35,872,000 after buying an additional 29,756 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors and hedge funds.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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