MSCI Inc. (NYSE:MSCI) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in MSCI Inc. (NYSE:MSCI) by 18.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,816 shares of the technology company’s stock after selling 34,521 shares during the period. Sei Investments Co. owned 0.19% of MSCI worth $71,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Legacy Advisors LLC lifted its position in MSCI by 2.8% during the 4th quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock worth $376,000 after acquiring an additional 18 shares during the period. Conning Inc. lifted its stake in MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock valued at $231,000 after acquiring an additional 19 shares during the period. Sompo Asset Management Co. Ltd. boosted its holdings in shares of MSCI by 1.0% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after acquiring an additional 20 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of MSCI by 3.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after acquiring an additional 20 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in MSCI by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.7 %

Shares of MSCI opened at $551.41 on Friday. The firm has a 50-day moving average price of $548.98 and a 200 day moving average price of $521.68. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $617.39. The firm has a market capitalization of $43.68 billion, a P/E ratio of 37.64, a P/E/G ratio of 3.06 and a beta of 1.11.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. During the same quarter in the previous year, the business earned $3.26 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts predict that MSCI Inc. will post 14.79 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio (DPR) is 43.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of MSCI to a “hold” rating in a research note on Tuesday, August 13th. Argus increased their target price on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday, July 24th. Finally, Barclays increased their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $591.00.

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.