Cd Baer Pettit Sells 2,087 Shares of MSCI Inc. (MSCI) Stock
MSCI Inc. (NYSE:MSCI) COO Cd Baer Pettit sold 2,087 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $80.50, for a total value of $168,003.50. Following the completion of the sale, the chief operating officer now directly owns 201,783 shares of the company’s stock, valued at approximately $16,243,531.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Cd Baer Pettit also recently made the following trade(s):
- On Monday, August 22nd, Cd Baer Pettit sold 26,815 shares of MSCI stock. The shares were sold at an average price of $87.20, for a total value of $2,338,268.00.
MSCI Inc. (NYSE:MSCI) opened at 81.17 on Friday. The firm’s 50 day moving average price is $82.37 and its 200-day moving average price is $81.28. The stock has a market cap of $7.64 billion, a P/E ratio of 31.91 and a beta of 1.00. MSCI Inc. has a 12-month low of $62.17 and a 12-month high of $90.79.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company earned $288.43 million during the quarter, compared to analyst estimates of $288.96 million. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Equities research analysts anticipate that MSCI Inc. will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a $0.28 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.12 annualized dividend and a yield of 1.38%. MSCI’s dividend payout ratio is currently 44.09%.
A number of research firms have commented on MSCI. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Wednesday, November 2nd. Evercore ISI reaffirmed a “sell” rating on shares of MSCI in a research report on Thursday, October 27th. Credit Suisse Group AG set a $94.00 price target on MSCI and gave the company a “buy” rating in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of MSCI in a research report on Friday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $82.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSCI. Capital Fund Management S.A. raised its position in MSCI by 127.2% in the second quarter. Capital Fund Management S.A. now owns 131,989 shares of the company’s stock valued at $10,179,000 after buying an additional 73,892 shares in the last quarter. Geode Capital Management LLC raised its position in MSCI by 3.4% in the first quarter. Geode Capital Management LLC now owns 607,009 shares of the company’s stock valued at $44,940,000 after buying an additional 20,022 shares in the last quarter. Pictet Asset Management Ltd. bought a new position in MSCI during the first quarter valued at approximately $2,126,000. HL Financial Services LLC raised its position in MSCI by 4.3% in the second quarter. HL Financial Services LLC now owns 83,178 shares of the company’s stock valued at $6,415,000 after buying an additional 3,400 shares in the last quarter. Finally, RS Investment Management Co. LLC bought a new position in MSCI during the second quarter valued at approximately $3,543,000. Institutional investors own 95.54% of the company’s stock.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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