Holdings L.P. Valueact Sells 75,000 Shares of MSCI Inc. (MSCI) Stock
MSCI Inc. (NYSE:MSCI) Director Holdings L.P. Valueact sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $85.66, for a total transaction of $6,424,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Holdings L.P. Valueact also recently made the following trade(s):
- On Wednesday, September 21st, Holdings L.P. Valueact sold 125,000 shares of MSCI stock. The shares were sold at an average price of $86.23, for a total transaction of $10,778,750.00.
- On Monday, September 19th, Holdings L.P. Valueact sold 75,000 shares of MSCI stock. The shares were sold at an average price of $85.35, for a total transaction of $6,401,250.00.
Shares of MSCI Inc. (NYSE:MSCI) opened at 86.77 on Friday. MSCI Inc. has a 1-year low of $56.87 and a 1-year high of $90.79. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 35.47 and a beta of 1.02. The stock has a 50 day moving average of $87.11 and a 200-day moving average of $78.91.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company earned $290.60 million during the quarter, compared to the consensus estimate of $286.46 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that MSCI Inc. will post $2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. This is an increase from MSCI’s previous quarterly dividend of $0.22. MSCI’s payout ratio is currently 45.71%.
A number of hedge funds and other institutional investors have recently modified their holdings of MSCI. Fifth Third Bancorp increased its position in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock worth $154,000 after buying an additional 1,988 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in shares of MSCI during the first quarter worth about $171,000. Strs Ohio increased its position in shares of MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock worth $173,000 after buying an additional 2,126 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in shares of MSCI during the second quarter worth about $213,000. Finally, ING Groep NV purchased a new position in shares of MSCI during the first quarter worth about $230,000. Institutional investors own 95.32% of the company’s stock.
A number of analysts have recently weighed in on MSCI shares. Cantor Fitzgerald reiterated a “buy” rating on shares of MSCI in a research note on Friday, August 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $88.00 price objective on shares of MSCI in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of MSCI from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $80.50.
MSCI Company Profile
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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