MSCI Inc. (NYSE:MSCI) Shares Sold by PGGM Investments

PGGM Investments lessened its holdings in MSCI Inc. (NYSE:MSCI) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,640 shares of the technology company’s stock after selling 485 shares during the quarter. PGGM Investments’ holdings in MSCI were worth $3,199,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSCI. Rise Advisors LLC purchased a new stake in shares of MSCI in the first quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of MSCI during the 1st quarter worth approximately $34,000. American National Bank increased its holdings in shares of MSCI by 1,300.0% during the 4th quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after purchasing an additional 65 shares in the last quarter. First United Bank & Trust acquired a new position in shares of MSCI in the 4th quarter valued at $48,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of MSCI by 36.1% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after purchasing an additional 26 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Price Performance

MSCI traded up $6.77 on Thursday, reaching $561.10. 237,042 shares of the company’s stock were exchanged, compared to its average volume of 578,265. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39. The stock has a market cap of $44.45 billion, a PE ratio of 38.42, a P/E/G ratio of 3.00 and a beta of 1.10. The stock’s fifty day moving average price is $506.33 and its 200-day moving average price is $523.20.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.09. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business had revenue of $707.90 million for the quarter, compared to analysts’ expectations of $696.41 million. During the same period in the previous year, the firm posted $3.26 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts predict that MSCI Inc. will post 14.78 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

Analyst Ratings Changes

MSCI has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Morgan Stanley upped their price target on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price target on the stock in a research report on Monday, May 13th. Barclays boosted their price objective on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and decreased their target price for the company from $613.00 to $569.00 in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a hold rating and nine have issued 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 price target of $584.79.

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.