OLD National Bancorp IN Sells 219 Shares of MSCI Inc. (NYSE:MSCI)

OLD National Bancorp IN decreased its position in MSCI Inc. (NYSE:MSCI) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518 shares of the technology company’s stock after selling 219 shares during the quarter. OLD National Bancorp IN’s holdings in MSCI were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSCI. Flagship Harbor Advisors LLC raised its holdings in MSCI by 6.7% in the third quarter. Flagship Harbor Advisors LLC now owns 561 shares of the technology company’s stock worth $288,000 after purchasing an additional 35 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of MSCI by 348.7% during the third quarter. Exchange Traded Concepts LLC now owns 341 shares of the technology company’s stock valued at $175,000 after acquiring an additional 265 shares in the last quarter. Caprock Group LLC increased its holdings in shares of MSCI by 4.5% during the third quarter. Caprock Group LLC now owns 669 shares of the technology company’s stock valued at $343,000 after acquiring an additional 29 shares in the last quarter. Czech National Bank increased its holdings in shares of MSCI by 45.9% during the third quarter. Czech National Bank now owns 13,823 shares of the technology company’s stock valued at $7,092,000 after acquiring an additional 4,346 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of MSCI by 3.2% during the third quarter. Asset Management One Co. Ltd. now owns 41,052 shares of the technology company’s stock valued at $21,063,000 after acquiring an additional 1,291 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSCI. UBS Group reduced their price target on MSCI from $700.00 to $575.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer restated a “market perform” rating on shares of MSCI in a report on Wednesday. Raymond James restated a “market perform” rating on shares of MSCI in a report on Friday, January 5th. StockNews.com downgraded MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Bank of America dropped their price objective on MSCI from $530.00 to $425.00 and set an “underperform” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $562.87.

MSCI Stock Down 0.0 %

NYSE MSCI opened at $464.49 on Friday. The stock’s 50-day moving average price is $543.53 and its 200-day moving average price is $538.04. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39. The company has a market capitalization of $36.80 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.44 by $0.08. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The firm had revenue of $680.00 million for the quarter, compared to the consensus estimate of $685.47 million. During the same quarter last year, the company earned $3.14 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Research analysts anticipate that MSCI Inc. will post 14.76 EPS for the current year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, May 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

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.