MSCI Inc. (NYSE:MSCI) Shares Sold by KBC Group NV


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KBC Group NV trimmed its holdings in MSCI Inc. (NYSE:MSCI) by 66.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,773 shares of the technology company’s stock after selling 30,874 shares during the quarter. KBC Group NV’s holdings in MSCI were worth $6,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSCI. Norges Bank acquired a new position in MSCI in the fourth quarter valued at approximately $351,057,000. FMR LLC boosted its holdings in MSCI by 10.8% in the fourth quarter. FMR LLC now owns 3,696,137 shares of the technology company’s stock valued at $1,650,435,000 after purchasing an additional 359,793 shares in the last quarter. Swedbank acquired a new position in MSCI in the fourth quarter valued at approximately $133,167,000. The Manufacturers Life Insurance Company boosted its holdings in shares of MSCI by 52.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 460,368 shares of the technology company’s stock valued at $205,569,000 after acquiring an additional 158,016 shares during the period. Finally, Ardevora Asset Management LLP boosted its holdings in shares of MSCI by 36,200.0% in the fourth quarter. Ardevora Asset Management LLP now owns 145,200 shares of the technology company’s stock valued at $64,836,000 after acquiring an additional 144,800 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $430.66, for a total value of $1,076,650.00. Following the completion of the transaction, the chief operating officer now owns 261,802 shares in the company, valued at $112,747,649.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.94% of the company’s stock.

Several equities research analysts have recently weighed in on MSCI shares. Oppenheimer increased their price objective on MSCI from $493.00 to $533.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Morgan Stanley increased their price objective on MSCI from $448.00 to $473.00 and gave the company an “equal weight” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft increased their price objective on MSCI from $475.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, UBS Group raised MSCI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $452.00 to $463.00 in a report on Monday, February 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $481.14.

MSCI stock opened at $486.20 on Tuesday. MSCI Inc. has a 12 month low of $299.09 and a 12 month high of $495.16. The business has a 50 day simple moving average of $446.99 and a 200-day simple moving average of $420.33. The stock has a market capitalization of $40.07 billion, a PE ratio of 72.68 and a beta of 0.91.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, April 27th. The technology company reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.21. The business had revenue of $478.40 million during the quarter, compared to analysts’ expectations of $470.34 million. MSCI had a negative return on equity of 226.94% and a net margin of 34.28%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. Sell-side analysts expect that MSCI Inc. will post 7.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 13th. MSCI’s payout ratio is 48.45%.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All Other segments. The Index segment primarily provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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