OMERS ADMINISTRATION Corp Sells 471 Shares of MSCI Inc $MSCI

Key Points

• OMERS ADMINISTRATION Corp reduced its position in MSCI Inc shares by 14.3% in Q1, owning 2,831 shares valued at approximately $1.60 million after the sale of 471 shares.
• MSCI reported quarterly earnings of $4.17 per share, exceeding the consensus estimate by $0.05, with revenues of $772.68 million up 9.1% year-over-year.
• The company declared a quarterly dividend of $1.80 per share, representing an annualized yield of 1.3% with a payout ratio of 47.68%.

OMERS ADMINISTRATION Corp cut its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,831 shares of the technology company's stock after selling 471 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in MSCI were worth $1,601,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Menard Financial Group LLC acquired a new position in shares of MSCI during the 4th quarter worth approximately $26,000. Olde Wealth Management LLC acquired a new position in shares of MSCI during the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its stake in MSCI by 136.4% in the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock valued at $29,000 after purchasing an additional 30 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in MSCI by 50.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock valued at $37,000 after purchasing an additional 22 shares during the period. Finally, Colonial Trust Co SC boosted its stake in MSCI by 122.6% in the 4th quarter. Colonial Trust Co SC now owns 69 shares of the technology company's stock valued at $42,000 after purchasing an additional 38 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on MSCI. UBS Group boosted their price target on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial upgraded MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on MSCI from $650.00 to $680.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company reduced their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $654.73.

MSCI Price Performance

MSCI stock traded down $3.26 during midday trading on Wednesday, reaching $550.65. The company had a trading volume of 898,650 shares, compared to its average volume of 545,931. The company has a market capitalization of $42.60 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.34. The stock has a 50 day moving average price of $565.32 and a 200-day moving average price of $559.76. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.05. The business had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.MSCI's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $3.64 earnings per share. As a group, research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI's dividend payout ratio is 47.68%.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez bought 9,916 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was purchased at an average price of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the acquisition, the chief executive officer owned 1,279,867 shares of the company's stock, valued at $697,143,554.90. The trade was a 0.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 12,400 shares of company stock valued at $6,731,599 over the last three months. 3.31% of the stock is currently owned by corporate insiders.

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.