MSCI Inc. (NYSE:MSCI) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in MSCI Inc. (NYSE:MSCI) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,468 shares of the technology company’s stock after selling 303 shares during the period. US Bancorp DE’s holdings in MSCI were worth $2,606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in MSCI in the second quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of MSCI during the second quarter worth approximately $27,000. Crewe Advisors LLC acquired a new position in shares of MSCI during the first quarter worth approximately $34,000. Ridgewood Investments LLC acquired a new position in shares of MSCI during the second quarter worth approximately $40,000. Finally, American National Bank & Trust acquired a new position in shares of MSCI during the third quarter worth approximately $58,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Performance

NYSE MSCI opened at $588.19 on Wednesday. The stock has a market capitalization of $46.26 billion, a P/E ratio of 38.62, a P/E/G ratio of 3.01 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70. The business’s fifty day moving average is $580.55 and its two-hundred day moving average is $531.47.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.45 earnings per share. On average, research analysts forecast that MSCI Inc. will post 14.95 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSCI shares. UBS Group reduced their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays boosted their price objective on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective for the company in a research report on Wednesday, October 9th. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $631.83.

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.