MSCI Inc (MSCI) Shares Sold by Oakbrook Investments LLC
Oakbrook Investments LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,735 shares of the technology company’s stock after selling 1,115 shares during the period. Oakbrook Investments LLC’s holdings in MSCI were worth $694,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MSCI. Vanguard Group Inc. raised its position in shares of MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock worth $837,814,000 after buying an additional 174,154 shares during the last quarter. BlackRock Inc. raised its position in shares of MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock worth $798,929,000 after buying an additional 8,068,258 shares during the last quarter. Morgan Stanley raised its position in shares of MSCI by 5.0% in the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock worth $326,631,000 after buying an additional 160,690 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MSCI by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock worth $111,219,000 after buying an additional 73,287 shares during the last quarter. Finally, Findlay Park Partners LLP raised its position in shares of MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock worth $86,547,000 after buying an additional 679,729 shares during the last quarter. 95.87% of the stock is owned by institutional investors.
Shares of MSCI Inc (NYSE:MSCI) traded up 0.71% during midday trading on Friday, reaching $111.12. The company’s stock had a trading volume of 506,417 shares. MSCI Inc has a one year low of $76.52 and a one year high of $113.38. The stock’s 50 day moving average price is $107.93 and its 200 day moving average price is $100.54. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 35.98 and a beta of 1.04.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Analysts predict that MSCI Inc will post $3.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.38 per share. This is a boost from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s payout ratio is currently 49.03%.
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MSCI has been the subject of a number of research reports. Cantor Fitzgerald reissued a “buy” rating and set a $100.00 price target on shares of MSCI in a research note on Friday, May 5th. Credit Suisse Group dropped their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, May 15th. Morgan Stanley increased their price target on MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, UBS AG restated a “buy” rating and set a $114.00 price objective (up from $99.00) on shares of MSCI in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.29.
In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.44, for a total value of $215,465.52. Following the transaction, the chief operating officer now directly owns 180,349 shares in the company, valued at $18,655,300.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,249 shares of company stock worth $663,581 over the last quarter. 2.26% of the stock is currently owned by insiders.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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