MSCI Inc (MSCI) COO Sells $231,546.28 in Stock
MSCI Inc (NYSE:MSCI) COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the completion of the transaction, the chief operating officer now directly owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Cd Baer Pettit also recently made the following trade(s):
- On Monday, July 3rd, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52.
- On Monday, June 5th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $103.97, for a total transaction of $216,569.51.
MSCI Inc (MSCI) traded down 0.73% during mid-day trading on Tuesday, hitting $110.39. 358,281 shares of the stock were exchanged. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $113.38. The company has a 50-day moving average of $106.28 and a 200-day moving average of $98.57. The stock has a market capitalization of $9.99 billion, a PE ratio of 38.05 and a beta of 1.04.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 82.82%. The firm had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. MSCI’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts predict that MSCI Inc will post $3.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be given a dividend of $0.38 per share. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.38%. MSCI’s dividend payout ratio is currently 36.13%.
Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of MSCI by 31.8% in the fourth quarter. Teachers Advisors LLC now owns 148,553 shares of the technology company’s stock worth $11,703,000 after buying an additional 35,853 shares in the last quarter. Douglass Winthrop Advisors LLC bought a new position in shares of MSCI during the first quarter worth $219,000. Sheets Smith Wealth Management bought a new position in shares of MSCI during the first quarter worth $297,000. Gulf International Bank UK Ltd raised its position in shares of MSCI by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 26,940 shares of the technology company’s stock worth $2,618,000 after buying an additional 300 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of MSCI by 23.3% in the first quarter. Bank of Montreal Can now owns 365,957 shares of the technology company’s stock worth $35,568,000 after buying an additional 69,189 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
Several brokerages have commented on MSCI. UBS AG reissued a “buy” rating and issued a $114.00 price target (up from $99.00) on shares of MSCI in a report on Friday, May 5th. Morgan Stanley raised their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, July 6th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $100.00 price objective on shares of MSCI in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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.
Receive News & Ratings for MSCI Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI Inc and related companies with MarketBeat.com's FREE daily email newsletter.