MSCI Inc. (MSCI) Lifted to Hold at Zacks Investment Research
MSCI Inc. (NYSE:MSCI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio analytics for use in managing equity, fixed income and multi-asset class portfolios. “
MSCI has been the subject of several other research reports. Credit Suisse Group AG set a $94.00 target price on MSCI and gave the stock a “buy” rating in a research report on Monday, October 3rd. Cantor Fitzgerald set a $86.00 price target on MSCI and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Evercore ISI lowered MSCI from a “hold” rating to a “sell” rating and dropped their price target for the company from $81.00 to $75.00 in a research note on Tuesday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. MSCI presently has a consensus rating of “Hold” and an average target price of $80.57.
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MSCI (NYSE:MSCI) opened at 82.92 on Tuesday. MSCI has a 1-year low of $59.79 and a 1-year high of $90.79. The stock has a market capitalization of $7.85 billion, a PE ratio of 33.90 and a beta of 0.96. The stock’s 50 day moving average price is $85.35 and its 200 day moving average price is $80.51.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The firm earned $290.60 million during the quarter, compared to analysts’ expectations of $286.46 million. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that MSCI will post $2.92 earnings per share for the current fiscal year.
In other news, insider Valueact Capital Master Fund, sold 450,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $88.17, for a total value of $39,676,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin F. Dupont sold 5,307 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total value of $475,560.27. Following the completion of the sale, the director now directly owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The disclosure for this sale can be found here. 2.07% of the stock is owned by insiders.
Several large investors have recently modified their holdings of MSCI. Fifth Third Bancorp raised its stake in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock worth $154,000 after buying an additional 1,988 shares in the last quarter. Strs Ohio raised its stake in shares of MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock worth $173,000 after buying an additional 2,126 shares in the last quarter. Copper Rock Capital Partners LLC acquired a new stake in shares of MSCI during the third quarter worth about $199,000. Gideon Capital Advisors Inc. acquired a new stake in shares of MSCI during the second quarter worth about $213,000. Finally, ING Groep NV acquired a new stake in shares of MSCI during the first quarter worth about $230,000. 95.31% of the stock is owned by hedge funds and other institutional investors.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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