MSCI Inc. (MSCI) Director Holdings L.P. Valueact Sells 75,000 Shares
MSCI Inc. (NYSE:MSCI) Director Holdings L.P. Valueact sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $85.35, for a total value of $6,401,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Holdings L.P. Valueact also recently made the following trade(s):
- On Wednesday, September 21st, Holdings L.P. Valueact sold 125,000 shares of MSCI stock. The shares were sold at an average price of $86.23, for a total value of $10,778,750.00.
- On Tuesday, September 20th, Holdings L.P. Valueact sold 75,000 shares of MSCI stock. The shares were sold at an average price of $85.66, for a total value of $6,424,500.00.
Shares of MSCI Inc. (NYSE:MSCI) traded up 1.26% on Wednesday, reaching $86.74. The company had a trading volume of 490,477 shares. The company’s 50 day moving average price is $87.06 and its 200-day moving average price is $78.85. MSCI Inc. has a 1-year low of $56.87 and a 1-year high of $90.79. The stock has a market capitalization of $8.21 billion, a P/E ratio of 35.46 and a beta of 1.02.
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MSCI (NYSE:MSCI) last issued its earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The firm earned $290.60 million during the quarter, compared to the consensus estimate of $286.46 million. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Equities analysts predict that MSCI Inc. will post $2.92 EPS for the current year.
The company also recently announced 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. The ex-dividend date was Thursday, August 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from MSCI’s previous quarterly dividend of $0.22. MSCI’s payout ratio is presently 45.71%.
Several institutional investors have recently modified their holdings of the company. FMR LLC increased its position in MSCI by 24.5% in the second quarter. FMR LLC now owns 12,602,373 shares of the company’s stock valued at $971,896,000 after buying an additional 2,479,831 shares in the last quarter. Vanguard Group Inc. increased its position in MSCI by 4.0% in the second quarter. Vanguard Group Inc. now owns 7,829,876 shares of the company’s stock valued at $603,840,000 after buying an additional 299,281 shares in the last quarter. Janus Capital Management LLC increased its position in MSCI by 4.2% in the second quarter. Janus Capital Management LLC now owns 4,245,866 shares of the company’s stock valued at $327,441,000 after buying an additional 170,092 shares in the last quarter. BlackRock Fund Advisors increased its position in MSCI by 1.1% in the second quarter. BlackRock Fund Advisors now owns 3,191,654 shares of the company’s stock valued at $246,140,000 after buying an additional 35,869 shares in the last quarter. Finally, State Street Corp increased its position in MSCI by 15.9% in the first quarter. State Street Corp now owns 2,947,090 shares of the company’s stock valued at $218,324,000 after buying an additional 403,307 shares in the last quarter. Hedge funds and other institutional investors own 95.32% of the company’s stock.
A number of brokerages have issued reports on MSCI. Cantor Fitzgerald restated a “buy” rating on shares of MSCI in a research report on Friday, August 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $88.00 price target on shares of MSCI in a report on Friday, July 29th. Finally, Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.
MSCI Company Profile
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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