Chevy Chase Trust Holdings LLC Sells 31,912 Shares of MSCI Inc (NYSE:MSCI)

Chevy Chase Trust Holdings LLC trimmed its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,778 shares of the technology company's stock after selling 31,912 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.16% of MSCI worth $68,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Optivise Advisory Services LLC raised its position in shares of MSCI by 3.8% in the first quarter. Optivise Advisory Services LLC now owns 540 shares of the technology company's stock worth $306,000 after buying an additional 20 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in MSCI by 21.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 117 shares of the technology company's stock worth $70,000 after acquiring an additional 21 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in shares of MSCI by 16.8% in the 1st quarter. Whipplewood Advisors LLC now owns 146 shares of the technology company's stock valued at $83,000 after acquiring an additional 21 shares in the last quarter. Salvus Wealth Management LLC boosted its position in shares of MSCI by 2.6% during the 1st quarter. Salvus Wealth Management LLC now owns 824 shares of the technology company's stock valued at $466,000 after acquiring an additional 21 shares during the last quarter. Finally, M3 Advisory Group LLC grew its holdings in shares of MSCI by 5.8% during the first quarter. M3 Advisory Group LLC now owns 401 shares of the technology company's stock worth $227,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of recent research reports. Evercore ISI lowered their price objective on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $675.00 price target on shares of MSCI in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on MSCI from $532.00 to $530.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America assumed coverage on MSCI in a report on Thursday, April 10th. They set a "neutral" rating and a $585.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, MSCI currently has an average rating of "Moderate Buy" and an average target price of $645.36.

MSCI Price Performance

Shares of MSCI stock traded down $13.25 during trading on Wednesday, hitting $562.44. 77,808 shares of the company's stock traded hands, compared to its average volume of 542,793. MSCI Inc has a 1 year low of $478.33 and a 1 year high of $642.45. The business has a 50-day simple moving average of $554.79 and a 200-day simple moving average of $572.26. The stock has a market capitalization of $43.52 billion, a P/E ratio of 38.55, a PEG ratio of 2.77 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. The firm had revenue of $745.83 million during the quarter, compared to analyst estimates of $746.45 million. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. On average, equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, May 16th. This represents a $7.20 annualized dividend and a dividend yield of 1.28%. MSCI's payout ratio is 49.48%.

Insider Transactions at MSCI

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the sale, the chief operating officer now directly owns 289,787 shares of the company's stock, valued at approximately $160,133,398.33. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.31% of the company's stock.

MSCI 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.