Trade Report: The MSCI Inc. (MSCI) Stake Boosted by Oregon Public Employees Retirement Fund

The MSCI Inc. (MSCI) Stake Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in MSCI Inc. (NYSE:MSCI) by 44.4% during the third quarter, Holdings Channel reports. The fund owned 45,331 shares of the company’s stock after buying an additional 13,944 shares during the period. Oregon Public Employees Retirement Fund’s holdings in MSCI were worth $3,805,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMP Capital Investors Ltd purchased a new position in MSCI during the first quarter worth about $1,730,000. Legal & General Group Plc increased its position in MSCI by 96.1% in the first quarter. Legal & General Group Plc now owns 64,519 shares of the company’s stock worth $4,778,000 after buying an additional 31,625 shares during the last quarter. Envestnet Asset Management Inc. increased its position in MSCI by 57.5% in the first quarter. Envestnet Asset Management Inc. now owns 14,860 shares of the company’s stock worth $1,101,000 after buying an additional 5,423 shares during the last quarter. LPL Financial LLC purchased a new position in MSCI during the first quarter worth about $1,037,000. Finally, Arizona State Retirement System increased its position in MSCI by 1.9% in the first quarter. Arizona State Retirement System now owns 48,814 shares of the company’s stock worth $3,616,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

MSCI Inc. (NYSE:MSCI) traded up 0.74% during mid-day trading on Friday, hitting $80.78. The stock had a trading volume of 196,670 shares. The stock has a market cap of $7.60 billion, a PE ratio of 31.75 and a beta of 1.00. MSCI Inc. has a 1-year low of $62.17 and a 1-year high of $90.79. The firm’s 50-day moving average price is $80.85 and its 200-day moving average price is $81.59.

MSCI (NYSE:MSCI) last issued its earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, beating 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 analyst estimates of $288.96 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that MSCI Inc. will post $2.96 earnings per share for the current year.

The company also recently announced 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 9th. MSCI’s payout ratio is 44.09%.

Several research analysts recently commented on MSCI shares. Evercore ISI reissued a “sell” rating on shares of MSCI in a research report on Thursday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of MSCI in a research report on Friday, August 19th. 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. Finally, Credit Suisse Group AG started coverage on MSCI in a research report on Sunday, November 20th. They set an “outperform” rating and a $94.00 price target for the company. One 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.17.

In other MSCI news, Director Benjamin F. Dupont sold 5,307 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total transaction of $475,560.27. Following the completion of the sale, the director now directly owns 21,708 shares of the company’s stock, valued at approximately $1,945,253.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $88.17, for a total value of $39,676,500.00. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

About MSCI

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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