Commonwealth Equity Services LLC Sells 317 Shares of MSCI Inc. (NYSE:MSCI)

Posted by Defense World Staff on May 9th, 2023

Commonwealth Equity Services LLC lessened its stake in shares of MSCI Inc. (NYSE:MSCI – Get Rating) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,046 shares of the technology company’s stock after selling 317 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MSCI were worth $7,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of MSCI by 2.7% during the 3rd quarter. BlackRock Inc. now owns 6,732,183 shares of the technology company’s stock worth $2,839,566,000 after purchasing an additional 176,893 shares in the last quarter. State Street Corp boosted its position in shares of MSCI by 0.8% during the 3rd quarter. State Street Corp now owns 3,328,864 shares of the technology company’s stock worth $1,404,082,000 after purchasing an additional 25,088 shares in the last quarter. Durable Capital Partners LP boosted its position in shares of MSCI by 7.7% during the 3rd quarter. Durable Capital Partners LP now owns 1,624,439 shares of the technology company’s stock worth $685,172,000 after purchasing an additional 116,521 shares in the last quarter. Alliancebernstein L.P. lifted its position in MSCI by 89.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,492,007 shares of the technology company’s stock valued at $629,314,000 after acquiring an additional 703,580 shares in the last quarter. Finally, Sustainable Growth Advisers LP lifted its position in MSCI by 1.1% in the 3rd quarter. Sustainable Growth Advisers LP now owns 1,281,922 shares of the technology company’s stock valued at $540,702,000 after acquiring an additional 13,721 shares in the last quarter. Institutional investors own 88.18% of the company’s stock.

MSCI Trading Down 0.2 %

MSCI stock opened at $472.88 on Tuesday. MSCI Inc. has a 1-year low of $376.41 and a 1-year high of $572.50. The firm has a market capitalization of $37.86 billion, a price-to-earnings ratio of 43.34 and a beta of 1.14. The firm has a 50 day simple moving average of $525.74 and a 200 day simple moving average of $508.14.

MSCI (NYSE:MSCI – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. MSCI had a net margin of 38.62% and a negative return on equity of 93.49%. The business had revenue of $592.20 million during the quarter, compared to analyst estimates of $593.92 million. During the same period in the previous year, the business earned $2.98 EPS. MSCI’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that MSCI Inc. will post 12.89 EPS for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be paid a $1.38 dividend. The ex-dividend date is Thursday, May 11th. This represents a $5.52 dividend on an annualized basis and a yield of 1.17%. MSCI’s dividend payout ratio is 50.60%.

Insider Activity at MSCI

In other MSCI news, insider Jennifer H. Mak sold 900 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $559.89, for a total value of $503,901.00. Following the completion of the transaction, the insider now directly owns 6,843 shares of the company’s stock, valued at approximately $3,831,327.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSCI. UBS Group dropped their price target on shares of MSCI from $611.00 to $570.00 in a research report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of MSCI from $560.00 to $522.00 in a research note on Wednesday, April 26th. Oppenheimer increased their price objective on shares of MSCI from $575.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Royal Bank of Canada increased their price objective on shares of MSCI from $520.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Finally, StockNews.com initiated coverage on shares of MSCI in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, MSCI has a consensus rating of “Moderate Buy” and a consensus target price of $567.22.

MSCI Profile

(Get Rating)

MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.