American Trust Sells 84 Shares of MSCI Inc. (NYSE:MSCI)

American Trust reduced its holdings in MSCI Inc. (NYSE:MSCIGet Rating) by 14.8% in the 1st quarter, HoldingsChannel reports. The fund owned 485 shares of the technology company’s stock after selling 84 shares during the period. American Trust’s holdings in MSCI were worth $244,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of MSCI during the first quarter valued at about $25,000. Glassman Wealth Services increased its stake in shares of MSCI by 50.0% in the fourth quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after purchasing an additional 20 shares in the last quarter. Allworth Financial LP grew its stake in MSCI by 76.6% during the first quarter. Allworth Financial LP now owns 83 shares of the technology company’s stock valued at $42,000 after acquiring an additional 36 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in MSCI by 56.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock valued at $44,000 after acquiring an additional 26 shares in the last quarter. Finally, Rosenberg Matthew Hamilton purchased a new position in MSCI during the first quarter valued at approximately $50,000. 89.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other MSCI news, insider Scott A. Crum sold 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $501.46, for a total value of $2,507,300.00. Following the transaction, the insider now directly owns 27,408 shares in the company, valued at approximately $13,744,015.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.02% of the stock is owned by insiders.

MSCI Stock Performance

Shares of NYSE MSCI opened at $456.68 on Monday. The stock’s 50-day simple moving average is $466.27 and its 200-day simple moving average is $454.67. The firm has a market capitalization of $36.76 billion, a PE ratio of 46.98 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $679.85.

MSCI (NYSE:MSCIGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The technology company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.07. MSCI had a net margin of 36.85% and a negative return on equity of 151.89%. The business had revenue of $551.80 million for the quarter, compared to analysts’ expectations of $560.24 million. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, sell-side analysts forecast that MSCI Inc. will post 11.33 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.09%. This is a positive change from MSCI’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, August 11th. MSCI’s dividend payout ratio is 51.44%.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of MSCI from $515.00 to $508.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 27th. Raymond James lowered their target price on shares of MSCI from $515.00 to $493.00 in a research note on Friday, July 15th. Oppenheimer increased their target price on shares of MSCI from $507.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of MSCI from $478.00 to $513.00 in a report on Wednesday, August 10th. Finally, UBS Group lifted their target price on MSCI from $514.00 to $546.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $517.25.

MSCI Company Profile

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MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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