Aware Super Pty Ltd as trustee of Aware Super Sells 17,970 Shares of MSCI Inc $MSCI

Key Points

• Aware Super cut its MSCI stake by 27.5%, selling 17,970 shares in the third quarter. It ended the period with 47,444 shares valued at about $25.6 million.
• MSCI reported quarterly EPS of $5.11, beating the $5.03 consensus estimate, while revenue rose 12.4% year over year to $892 million.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $683.69. MSCI also announced a quarterly dividend of $2.05 per share.

Aware Super Pty Ltd as trustee of Aware Super reduced its stake in MSCI Inc (NYSE:MSCI - Free Report) by 27.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 47,444 shares of the technology company's stock after selling 17,970 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super owned 0.07% of MSCI worth $25,556,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in MSCI in the 3rd quarter valued at about $892,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MSCI during the third quarter valued at about $9,680,000. Profund Advisors LLC boosted its position in MSCI by 11.0% during the third quarter. Profund Advisors LLC now owns 704 shares of the technology company's stock worth $379,000 after purchasing an additional 70 shares during the period. Vise Technologies Inc. boosted its position in MSCI by 21.7% during the third quarter. Vise Technologies Inc. now owns 2,221 shares of the technology company's stock worth $1,196,000 after purchasing an additional 396 shares during the period. Finally, Parcion Private Wealth LLC boosted its position in MSCI by 76.5% during the third quarter. Parcion Private Wealth LLC now owns 1,043 shares of the technology company's stock worth $562,000 after purchasing an additional 452 shares during the period. Institutional investors own 89.97% of the company's stock.

Insider Activity at MSCI

In other MSCI news, General Counsel Robert J. Gutowski sold 2,381 shares of MSCI stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $623.66, for a total transaction of $1,484,934.46. Following the completion of the sale, the general counsel directly owned 14,104 shares in the company, valued at $8,796,100.64. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the business's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $570.00, for a total transaction of $256,500.00. Following the completion of the transaction, the chief financial officer directly owned 21,644 shares of the company's stock, valued at approximately $12,337,080. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.76% of the stock is currently owned by corporate insiders.

MSCI Trading Up 0.6%

Shares of NYSE:MSCI opened at $640.73 on Wednesday. The company has a 50 day moving average of $570.03 and a 200 day moving average of $574.02. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock has a market cap of $45.81 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.53 and a beta of 1.20.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, October 20th. The technology company reported $5.11 EPS for the quarter, topping the consensus estimate of $5.03 by $0.08. The business had revenue of $892.00 million during the quarter, compared to analysts' expectations of $887.83 million. MSCI had a negative return on equity of 50.69% and a net margin of 40.31%. The firm's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.47 earnings per share. On average, equities analysts forecast that MSCI Inc will post 19.59 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 13th. MSCI's dividend payout ratio is 43.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSCI shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of MSCI from $729.00 to $684.00 in a research note on Friday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $685.00 to $710.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $684.00 price objective (down from $704.00) on shares of MSCI in a report on Tuesday, October 20th. Barclays lifted their price objective on shares of MSCI from $735.00 to $760.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Evercore set a $722.00 target price on shares of MSCI and gave the company an "outperform" rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $683.69.

MSCI Profile

MSCI Inc NYSE: MSCI is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.

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