Cambridge Investment Research Advisors Inc. Trims Stock Position in MSCI Inc. (NYSE:MSCI)

Cambridge Investment Research Advisors Inc. cut its stake in MSCI Inc. (NYSE:MSCI) by 19.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,615 shares of the technology company’s stock after selling 387 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in MSCI were worth $677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its holdings in shares of MSCI by 4.8% in the first quarter. Meeder Asset Management Inc. now owns 543 shares of the technology company’s stock valued at $228,000 after buying an additional 25 shares during the last quarter. Sowell Financial Services LLC raised its holdings in shares of MSCI by 4.1% in the first quarter. Sowell Financial Services LLC now owns 632 shares of the technology company’s stock valued at $301,000 after buying an additional 25 shares during the last quarter. CX Institutional raised its holdings in shares of MSCI by 28.6% in the first quarter. CX Institutional now owns 126 shares of the technology company’s stock valued at $53,000 after buying an additional 28 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of MSCI by 3.6% in the fourth quarter. Intellectus Partners LLC now owns 995 shares of the technology company’s stock valued at $444,000 after buying an additional 35 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of MSCI by 26.5% in the fourth quarter. Penserra Capital Management LLC now owns 172 shares of the technology company’s stock valued at $76,000 after buying an additional 36 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on MSCI. Deutsche Bank Aktiengesellschaft upped their target price on shares of MSCI from $475.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Morgan Stanley boosted their price target on shares of MSCI from $448.00 to $473.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 28th. Oppenheimer boosted their price target on shares of MSCI from $493.00 to $533.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research lowered shares of MSCI from a “buy” rating to a “hold” rating and set a $511.00 price target on the stock. in a research note on Tuesday, May 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. MSCI presently has an average rating of “Buy” and an average target price of $499.43.

In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $430.66, for a total transaction of $1,076,650.00. Following the transaction, the chief operating officer now directly owns 261,802 shares in the company, valued at $112,747,649.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.93% of the company’s stock.

Shares of MSCI opened at $476.46 on Friday. The business’s 50-day moving average is $465.96. MSCI Inc. has a twelve month low of $299.09 and a twelve month high of $495.16. The firm has a market capitalization of $39.27 billion, a price-to-earnings ratio of 61.48 and a beta of 0.96.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 27th. The technology company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.21. MSCI had a net margin of 37.02% and a negative return on equity of 173.63%. The company had revenue of $478.40 million for the quarter, compared to analyst estimates of $470.34 million. During the same period in the prior year, the business posted $1.90 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts expect that MSCI Inc. will post 9.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 14th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, May 13th. This represents a $3.12 annualized dividend and a yield of 0.65%. MSCI’s payout ratio is currently 39.85%.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All Other segments. The Index segment primarily provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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