MSCI Inc $MSCI Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd trimmed its holdings in MSCI Inc (NYSE:MSCI) by 86.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,228 shares of the technology company’s stock after selling 72,402 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in MSCI were worth $6,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of MSCI in the 4th quarter valued at $30,000. Eagle Bay Advisors LLC acquired a new position in shares of MSCI in the 4th quarter valued at $34,000. Elyxium Wealth LLC acquired a new position in MSCI in the 4th quarter valued at $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in MSCI in the 2nd quarter valued at $36,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Stock Performance

NYSE MSCI opened at $608.22 on Wednesday. MSCI Inc has a one year low of $501.08 and a one year high of $644.68. The company’s 50 day moving average price is $587.55 and its 200 day moving average price is $571.12. The firm has a market capitalization of $44.28 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 2.31 and a beta of 1.24.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. During the same quarter last year, the firm posted $4.00 earnings per share. MSCI’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that MSCI Inc will post 19.62 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $2.05 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.3%. MSCI’s dividend payout ratio (DPR) is 46.83%.

Insider Transactions at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the sale, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSCI. UBS Group boosted their price objective on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a research note on Tuesday, April 21st. Morgan Stanley increased their price objective on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $650.00 to $700.00 in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $697.70.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.