Public Employees Retirement System of Ohio Sells 3,562 Shares of MSCI Inc. (NYSE:MSCI)

Public Employees Retirement System of Ohio trimmed its stake in MSCI Inc. (NYSE:MSCI) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,158 shares of the technology company’s stock after selling 3,562 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in MSCI were worth $19,912,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of MSCI by 7.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,016 shares of the technology company’s stock worth $971,000 after purchasing an additional 142 shares in the last quarter. Diversified Trust Co grew its holdings in shares of MSCI by 16.1% during the second quarter. Diversified Trust Co now owns 2,075 shares of the technology company’s stock valued at $1,000,000 after buying an additional 287 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of MSCI by 9.3% during the second quarter. V Square Quantitative Management LLC now owns 437 shares of the technology company’s stock worth $211,000 after acquiring an additional 37 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of MSCI in the 2nd quarter worth about $255,000. Finally, SteelPeak Wealth LLC lifted its position in MSCI by 65.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,069 shares of the technology company’s stock valued at $997,000 after acquiring an additional 816 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the transaction, the chief executive officer now owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. This represents a 0.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company boosted their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Barclays raised their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a report on Wednesday, October 9th. Morgan Stanley increased their target price on shares of MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, UBS Group reduced their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Stock Up 1.7 %

Shares of NYSE:MSCI opened at $628.81 on Wednesday. The company has a 50-day moving average price of $596.41 and a two-hundred day moving average price of $551.26. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $635.74. The firm has a market capitalization of $49.28 billion, a PE ratio of 41.29, a P/E/G ratio of 3.21 and a beta of 1.10.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.45 EPS. Analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.02%. MSCI’s dividend payout ratio (DPR) is 42.02%.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.