Oppenheimer Asset Management Inc. Sells 3,000 Shares of MSCI Inc (NYSE:MSCI)

Oppenheimer Asset Management Inc. trimmed its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,021 shares of the technology company's stock after selling 3,000 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in MSCI were worth $19,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in MSCI in the 1st quarter worth approximately $44,000. Palumbo Wealth Management LLC lifted its holdings in MSCI by 23.1% in the 1st quarter. Palumbo Wealth Management LLC now owns 4,261 shares of the technology company's stock worth $2,410,000 after purchasing an additional 799 shares during the last quarter. M3 Advisory Group LLC lifted its holdings in MSCI by 5.8% in the 1st quarter. M3 Advisory Group LLC now owns 401 shares of the technology company's stock worth $227,000 after purchasing an additional 22 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in MSCI in the 1st quarter worth approximately $1,250,000. Finally, Intact Investment Management Inc. acquired a new stake in MSCI in the 1st quarter worth approximately $67,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MSCI

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $524.25, for a total value of $2,621,250.00. Following the sale, the chief operating officer now directly owns 294,787 shares in the company, valued at $154,542,084.75. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several analyst reports. Oppenheimer restated a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $675.00 target price on shares of MSCI in a report on Wednesday, April 16th. Evercore ISI cut their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays dropped their target price on shares of MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $645.36.

MSCI Price Performance

Shares of NYSE MSCI traded up $19.90 during trading hours on Tuesday, reaching $575.02. The stock had a trading volume of 672,271 shares, compared to its average volume of 507,661. The business's fifty day moving average is $554.79 and its two-hundred day moving average is $572.26. The company has a market cap of $44.49 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.77 and a beta of 1.33. MSCI Inc has a twelve month low of $478.33 and a twelve month high of $642.45.

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

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $1.80 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.25%. MSCI's payout ratio is 49.48%.

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.