Intech Investment Management LLC Sells 192 Shares of MSCI Inc $MSCI

Intech Investment Management LLC cut its position in shares of MSCI Inc (NYSE:MSCI) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,059 shares of the technology company’s stock after selling 192 shares during the period. Intech Investment Management LLC’s holdings in MSCI were worth $2,861,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Menard Financial Group LLC bought a new stake in shares of MSCI during the fourth quarter valued at approximately $26,000. Olde Wealth Management LLC bought a new stake in shares of MSCI during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its position in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after acquiring an additional 22 shares during the period. Finally, Banque Transatlantique SA grew its position in MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the period. 89.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSCI. Wells Fargo & Company lowered their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research report on Friday, July 25th. UBS Group upped their price target on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $652.45.

MSCI Stock Down 0.5%

Shares of MSCI opened at $582.77 on Monday. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The firm has a market capitalization of $45.08 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34. The stock’s fifty day simple moving average is $563.83 and its 200-day simple moving average is $559.15.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. During the same quarter in the prior year, the firm posted $3.64 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio is currently 47.68%.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez acquired 84 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the acquisition, the chief executive officer owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 12,400 shares of company stock valued at $6,731,599 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

MSCI 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.