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In a recent series of transactions, Pettit CD Baer, President and Chief Operating Officer of MSCI Inc . (NYSE:MSCI), sold a significant portion of the company's common stock. The transactions, which took place on April 4, 2025, were part of a pre-arranged trading plan under Rule 10b5-1. According to InvestingPro data, these sales come as MSCI, currently valued at $39.2 billion, has seen its stock decline over 10% in the past week.
Baer sold a total of 4,800 shares at prices ranging from $519.95 to $535.49 per share, amounting to a total value of approximately $2.62 million. Following these sales, Baer retains ownership of 294,787 shares of MSCI Inc. The company maintains strong fundamentals with an impressive 82% gross profit margin and offers a 1.42% dividend yield. For deeper insights into MSCI's valuation and performance metrics, check out the comprehensive research report available on InvestingPro.
These transactions were executed in multiple trades, with each sale reflecting a weighted average sales price. Baer has committed to providing full details of the individual trades upon request to the SEC, MSCI Inc., or its security holders. InvestingPro analysis indicates the stock is trading at a relatively high P/E ratio of 35.8x, with additional ProTips available for subscribers.
In other recent news, MSCI Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an EPS of $4.18, although revenues slightly missed forecasts at $743.51 million. Despite the earnings beat, the company's stock experienced pressure, partly due to broader market dynamics. Analysts from JPMorgan adjusted MSCI's price target to $680 from $700, maintaining an Overweight rating, while UBS and RBC Capital Markets reaffirmed their positive outlooks with Buy and Outperform ratings, respectively. UBS highlighted MSCI's strong pricing power and potential for index growth beyond 10%, while RBC noted challenges in the Real Assets sector but anticipated a return to double-digit growth in net new subscription sales for 2025.
Additionally, MSCI announced that board member Wayne Edmunds will retire and not seek re-election at the 2025 Annual Meeting of Shareholders, with plans to reduce the board size from thirteen to twelve members. The company emphasized that Edmunds' retirement was not due to any disagreements with management. MSCI's management expressed optimism about the sales environment, noting improvements in sales cycles and client budgets, particularly among U.S. asset managers and hedge funds. The company also provided guidance for 2025, projecting adjusted EBITDA expenses to rise by approximately 7% to 10% year-over-year, with a focus on custom indexing and fixed income solutions within Analytics.
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