Today, State of Wisconsin Investment Board Sold shares of MSCI Inc. (MSCI)

Today, State of Wisconsin Investment Board Sold shares of MSCI Inc. (MSCI)
State of Wisconsin Investment Board cut its stake in shares of MSCI Inc. (NYSE:MSCI) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 58,332 shares of the company’s stock after selling 1,000 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of MSCI worth $4,896,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in MSCI by 5.6% in the third quarter. Wells Fargo & Company MN now owns 226,588 shares of the company’s stock valued at $19,019,000 after buying an additional 12,105 shares during the period. Virginia Retirement Systems ET AL boosted its position in MSCI by 23.1% in the third quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the company’s stock valued at $1,343,000 after buying an additional 3,000 shares during the period. Nippon Life Insurance Co. boosted its position in MSCI by 18.6% in the third quarter. Nippon Life Insurance Co. now owns 19,398 shares of the company’s stock valued at $1,628,000 after buying an additional 3,038 shares during the period. Capital Fund Management S.A. boosted its position in MSCI by 11.9% in the third quarter. Capital Fund Management S.A. now owns 147,714 shares of the company’s stock valued at $12,399,000 after buying an additional 15,725 shares during the period. Finally, World Asset Management Inc boosted its position in MSCI by 43.1% in the third quarter. World Asset Management Inc now owns 6,145 shares of the company’s stock valued at $516,000 after buying an additional 1,851 shares during the period. 97.07% of the stock is owned by hedge funds and other institutional investors.

MSCI Inc. (NYSE:MSCI) traded up 0.74% during midday trading on Friday, reaching $80.78. The company had a trading volume of 196,670 shares. The company has a market capitalization of $7.60 billion, a PE ratio of 31.75 and a beta of 1.00. The stock’s 50 day moving average is $80.85 and its 200 day moving average is $81.59. MSCI Inc. has a one year low of $62.17 and a one year high of $90.79.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The business earned $288.43 million during the quarter, compared to analysts’ expectations of $288.96 million. During the same quarter last year, the company posted $0.60 earnings per share. MSCI’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that MSCI Inc. will post $2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.12 annualized dividend and a yield of 1.39%. MSCI’s dividend payout ratio (DPR) is presently 44.09%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG set a $94.00 price objective on MSCI and gave the company a “buy” rating in a research note on Monday, October 3rd. Evercore ISI lowered MSCI from a “hold” rating to a “sell” rating and lowered their price objective for the company from $81.00 to $75.00 in a research note on Tuesday, October 11th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of MSCI in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $82.17.

In other news, Director Benjamin F. Dupont sold 5,307 shares of MSCI stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total value of $475,560.27. Following the completion of the sale, the director now directly owns 21,708 shares in the company, valued at $1,945,253.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Cd Baer Pettit sold 2,087 shares of MSCI stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $80.50, for a total transaction of $168,003.50. Following the completion of the sale, the chief operating officer now owns 201,783 shares of the company’s stock, valued at $16,243,531.50. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.

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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