Cadence Capital Management LLC Cuts Position in MSCI Inc (MSCI)

Cadence Capital Management LLC cut its stake in MSCI Inc (NYSE:MSCI) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,679 shares of the technology company’s stock after selling 632 shares during the period. Cadence Capital Management LLC’s holdings in MSCI were worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in shares of MSCI during the fourth quarter valued at about $110,000. Pacer Advisors Inc. raised its stake in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. Perennial Advisors LLC bought a new stake in MSCI during the fourth quarter valued at $173,000. Douglass Winthrop Advisors LLC bought a new stake in MSCI during the first quarter valued at $219,000. Finally, Timber Hill LLC bought a new stake in MSCI during the first quarter valued at $221,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

Shares of MSCI Inc (MSCI) opened at 105.62 on Friday. The firm has a market cap of $9.55 billion, a P/E ratio of 36.41 and a beta of 1.00. MSCI Inc has a one year low of $71.51 and a one year high of $109.29. The firm has a 50-day moving average price of $101.10 and a 200 day moving average price of $92.41.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $301.21 million during the quarter, compared to the consensus estimate of $303.88 million. MSCI had a return on equity of 72.33% and a net margin of 23.31%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, analysts forecast that MSCI Inc will post $3.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 19th were paid a $0.28 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $1.12 dividend on an annualized basis and a yield of 1.06%. MSCI’s dividend payout ratio (DPR) is 38.62%.

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A number of research firms have weighed in on MSCI. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research note on Saturday, March 11th. Credit Suisse Group reduced their target price on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. Morgan Stanley increased their price target on MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $100.00 price target on shares of MSCI in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $95.20.

In related news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $103.97, for a total value of $216,569.51. Following the completion of the transaction, the chief operating officer now directly owns 182,432 shares in the company, valued at $18,967,455.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 6,249 shares of company stock valued at $627,004 over the last quarter. Insiders own 2.26% of the company’s stock.

MSCI Company Profile

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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