MSCI Inc (NYSE:MSCI) Shares Sold by Overbrook Management Corp

Overbrook Management Corp cut its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 52.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,713 shares of the technology company's stock after selling 9,709 shares during the period. MSCI comprises about 1.2% of Overbrook Management Corp's investment portfolio, making the stock its 29th biggest holding. Overbrook Management Corp's holdings in MSCI were worth $4,927,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MSCI. Norges Bank acquired a new stake in shares of MSCI during the fourth quarter valued at about $609,937,000. Bessemer Group Inc. lifted its position in shares of MSCI by 16,353.6% during the fourth quarter. Bessemer Group Inc. now owns 587,557 shares of the technology company's stock worth $352,539,000 after purchasing an additional 583,986 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of MSCI by 61,179.6% during the first quarter. GAMMA Investing LLC now owns 505,557 shares of the technology company's stock worth $285,892,000 after purchasing an additional 504,732 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of MSCI by 3,881.3% during the fourth quarter. Mackenzie Financial Corp now owns 419,429 shares of the technology company's stock worth $251,662,000 after purchasing an additional 408,894 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of MSCI by 169.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,413 shares of the technology company's stock worth $304,453,000 after purchasing an additional 319,083 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

MSCI Trading Up 2.0%

NYSE MSCI traded up $11.21 during trading hours on Friday, reaching $576.90. The company's stock had a trading volume of 879,635 shares, compared to its average volume of 509,899. The business has a 50-day simple moving average of $556.32 and a 200 day simple moving average of $571.13. MSCI Inc has a 52 week low of $478.33 and a 52 week high of $642.45. The stock has a market cap of $44.63 billion, a PE ratio of 36.76, a PEG ratio of 2.87 and a beta of 1.33.

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

MSCI Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.25%. MSCI's dividend payout ratio (DPR) is presently 49.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSCI. Evercore ISI reduced their price target on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. 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. Bank of America began coverage on shares of MSCI in a research report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price target on the stock. Finally, Barclays reduced their price target 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, MSCI has a consensus rating of "Moderate Buy" and a consensus price target of $645.36.

About MSCI

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.