MSCI Inc. (NYSE:MSCI) Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd decreased its position in shares of MSCI Inc. (NYSE:MSCI) by 55.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,753 shares of the technology company’s stock after selling 14,461 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in MSCI were worth $5,662,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of MSCI by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock worth $4,886,777,000 after buying an additional 36,043 shares during the last quarter. Capital International Investors raised its position in MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after acquiring an additional 9,304 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MSCI by 74.9% in the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after purchasing an additional 623,712 shares in the last quarter. Sustainable Growth Advisers LP grew its position in shares of MSCI by 1.8% in the first quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock valued at $741,508,000 after purchasing an additional 23,217 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of MSCI by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock worth $504,855,000 after purchasing an additional 13,620 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Price Performance

NYSE MSCI opened at $551.41 on Monday. The business’s 50-day simple moving average is $548.98 and its 200-day simple moving average is $521.49. The firm has a market capitalization of $43.68 billion, a P/E ratio of 37.64, a P/E/G ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. During the same period in the previous year, the firm earned $3.26 earnings per share. MSCI’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts expect that MSCI Inc. will post 14.79 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

Analysts Set New Price Targets

MSCI has been the topic of a number of recent research reports. Morgan Stanley upped their target price on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Barclays boosted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Wells Fargo & Company raised shares of MSCI to a “hold” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. 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 an average rating of “Moderate Buy” and a consensus target price of $591.00.

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.