MSCI Inc (NYSE:MSCI) COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Cd Baer Pettit also recently made the following trade(s):
- On Tuesday, September 5th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The stock was sold at an average price of $115.16, for a total value of $239,878.28.
- On Monday, August 7th, Cd Baer Pettit sold 2,083 shares of MSCI stock. The stock was sold at an average price of $111.16, for a total value of $231,546.28.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS.
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Several equities analysts recently commented on the company. Morgan Stanley boosted their price target on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. UBS AG boosted their price target on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC assumed coverage on MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $111.50.
Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in MSCI in the 2nd quarter valued at approximately $101,000. Toronto Dominion Bank grew its holdings in MSCI by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after buying an additional 134 shares during the last quarter. Van ECK Associates Corp grew its holdings in MSCI by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in MSCI by 115.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in MSCI by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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