MSCI Inc. (NYSE:MSCI - Get Free Report) insider Scott A. Crum sold 9,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the transaction, the insider now directly owns 12,831 shares in the company, valued at approximately $6,052,254.39. The transaction was disclosed in a filing with the SEC, which is available at this link.
MSCI Stock Up 0.8 %
Shares of NYSE:MSCI opened at $469.74 on Thursday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39. The stock has a market cap of $37.21 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.36 and a beta of 1.09. The business has a 50-day moving average price of $536.34 and a 200-day moving average price of $536.91.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.08. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The firm had revenue of $680.00 million during the quarter, compared to analysts' expectations of $685.47 million. During the same period last year, the business posted $3.14 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that MSCI Inc. will post 14.66 EPS for the current fiscal year.
MSCI Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 16th. MSCI's payout ratio is 43.69%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MSCI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $638.00 price objective on shares of MSCI in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised MSCI from a "hold" rating to a "buy" rating and dropped their price objective for the company from $613.00 to $569.00 in a research report on Wednesday, April 24th. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a research report on Wednesday, April 24th. Morgan Stanley dropped their price objective on MSCI from $671.00 to $615.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded MSCI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $569.53.
View Our Latest Stock Report on MSCI
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in MSCI during the fourth quarter valued at approximately $496,541,000. Impax Asset Management Group plc raised its position in MSCI by 803.9% during the fourth quarter. Impax Asset Management Group plc now owns 587,978 shares of the technology company's stock valued at $331,906,000 after acquiring an additional 522,926 shares in the last quarter. Principal Financial Group Inc. raised its position in MSCI by 59.6% during the third quarter. Principal Financial Group Inc. now owns 762,080 shares of the technology company's stock valued at $391,008,000 after acquiring an additional 284,513 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in MSCI by 3,600.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 253,636 shares of the technology company's stock valued at $143,469,000 after acquiring an additional 246,781 shares in the last quarter. Finally, American Century Companies Inc. raised its position in MSCI by 32.5% during the third quarter. American Century Companies Inc. now owns 959,894 shares of the technology company's stock valued at $492,502,000 after acquiring an additional 235,290 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
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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