MSCI Inc (NYSE:MSCI - Get Free Report) insider Alvise Munari sold 10,000 shares of the firm's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the sale, the insider directly owned 23,548 shares of the company's stock, valued at approximately $13,941,357.92. The trade was a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
MSCI Trading Up 0.7%
MSCI opened at $594.97 on Wednesday. The company has a fifty day simple moving average of $556.65 and a 200 day simple moving average of $562.90. The firm has a market cap of $43.31 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.23 and a beta of 1.30. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $626.28.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. The company had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $4.00 EPS. On average, analysts forecast that MSCI Inc will post 19.62 earnings per share for the current fiscal year.
MSCI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. MSCI's dividend payout ratio (DPR) is currently 46.83%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Pinnacle Bancorp Inc. bought a new position in shares of MSCI in the 3rd quarter worth about $27,000. Root Financial Partners LLC bought a new position in shares of MSCI in the 3rd quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock worth $30,000 after buying an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of MSCI in the 4th quarter worth about $30,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of MSCI in the 4th quarter worth about $34,000. 89.97% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on MSCI shares. Weiss Ratings raised shares of MSCI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $715.00 price objective on shares of MSCI in a report on Thursday, January 29th. Morgan Stanley raised their price objective on shares of MSCI from $719.00 to $727.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on shares of MSCI from $545.00 to $650.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 22nd. Finally, Bank of America started coverage on shares of MSCI in a report on Tuesday, February 17th. They set a "buy" rating and a $700.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $692.70.
Get Our Latest Analysis on MSCI
About MSCI
(
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MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.
Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.
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