MSCI Inc. (NYSE:MSCI - Get Free Report) COO Cd Baer Pettit bought 7,500 shares of MSCI stock in a transaction dated Thursday, April 25th. The shares were bought at an average price of $459.41 per share, for a total transaction of $3,445,575.00. Following the completion of the transaction, the chief operating officer now directly owns 291,038 shares of the company's stock, valued at approximately $133,705,767.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
MSCI Stock Up 2.9 %
MSCI stock opened at $477.78 on Friday. The stock has a market capitalization of $37.85 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39. The company has a 50 day moving average of $541.71 and a 200-day moving average of $537.78.
MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to analysts' expectations of $685.47 million. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 earnings per share. Equities analysts anticipate that MSCI Inc. will post 14.59 EPS for the current fiscal year.
MSCI Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 16th. MSCI's payout ratio is 43.69%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on MSCI. Wells Fargo & Company upped their target price on shares of MSCI from $615.00 to $660.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 31st. Raymond James reiterated a "market perform" rating on shares of MSCI in a research report on Friday, January 5th. Oppenheimer reiterated a "market perform" rating on shares of MSCI in a research report on Wednesday. Wolfe Research initiated coverage on shares of MSCI in a research note on Tuesday, March 26th. They set a "peer perform" rating for the company. Finally, Morgan Stanley dropped their price target on shares of MSCI from $671.00 to $615.00 and set an "overweight" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, MSCI presently has a consensus rating of "Hold" and an average target price of $562.87.
Get Our Latest Report on MSCI
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MSCI. Optiver Holding B.V. acquired a new position in MSCI during the third quarter worth $26,000. Rise Advisors LLC acquired a new stake in MSCI in the first quarter valued at $26,000. ORG Partners LLC lifted its stake in MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company's stock valued at $29,000 after acquiring an additional 56 shares during the last quarter. Headinvest LLC acquired a new stake in MSCI in the third quarter valued at $30,000. Finally, American National Bank lifted its stake in MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company's stock valued at $40,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.
MSCI Company Profile
(
Get Free Report)
MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and 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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