MSCI Inc (MSCI) COO Sells $252,584.58 in Stock
MSCI Inc (NYSE:MSCI) COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Cd Baer Pettit also recently made the following trade(s):
- On Tuesday, September 5th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $115.16, for a total transaction of $239,878.28.
- On Monday, August 7th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28.
MSCI Inc (NYSE MSCI) traded up 0.31% on Tuesday, reaching $121.92. 242,426 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $115.28 and a 200-day moving average of $106.03. MSCI Inc has a one year low of $76.52 and a one year high of $121.94. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 39.48 and a beta of 1.03.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities research analysts forecast that MSCI Inc will post $3.80 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on MSCI shares. UBS AG lifted their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research upgraded 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. BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Morgan Stanley raised their target price on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, Barclays PLC assumed coverage on shares of MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. MSCI currently has a consensus rating of “Buy” and a consensus target price of $106.29.
Several institutional investors and hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. lifted its position in shares of MSCI by 5.2% during the third quarter. Eqis Capital Management Inc. now owns 12,878 shares of the technology company’s stock worth $1,505,000 after purchasing an additional 631 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of MSCI by 9.2% during the second quarter. Perigon Wealth Management LLC now owns 10,543 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 892 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of MSCI by 550.0% during the second quarter. Lord Abbett & CO. LLC now owns 235,596 shares of the technology company’s stock worth $24,264,000 after purchasing an additional 199,351 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of MSCI by 13.7% during the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after purchasing an additional 134 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of MSCI during the second quarter worth about $638,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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