MSCI Inc. (MSCI) Given a $94.00 Price Target at Credit Suisse Group AG
MSCI Inc. (NYSE:MSCI) has been assigned a $94.00 target price by analysts at Credit Suisse Group AG in a research note issued on Monday. The firm currently has a a “buy” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 11.98% from the company’s current price.
A number of other brokerages also recently issued reports on MSCI. Zacks Investment Research downgraded MSCI from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of MSCI in a report on Friday, August 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.50.
Shares of MSCI (NYSE:MSCI) traded down 0.30% during midday trading on Monday, hitting $83.69. 186,696 shares of the stock traded hands. MSCI has a 12-month low of $58.37 and a 12-month high of $90.79. The company’s 50 day moving average price is $86.91 and its 200-day moving average price is $79.57. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 34.22 and a beta of 0.96.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. The firm earned $290.60 million during the quarter, compared to the consensus estimate of $286.46 million. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share. On average, equities research analysts expect that MSCI will post $2.92 EPS for the current year.
In related news, insider Valueact Capital Master Fund, sold 450,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $88.17, for a total transaction of $39,676,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin F. Dupont sold 5,307 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total value of $475,560.27. Following 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.
Large investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of MSCI by 24.5% in the second quarter. FMR LLC now owns 12,602,373 shares of the company’s stock valued at $971,896,000 after buying an additional 2,479,831 shares in the last quarter. American Century Companies Inc. boosted its position in MSCI by 287.3% in the second quarter. American Century Companies Inc. now owns 1,186,899 shares of the company’s stock valued at $91,534,000 after buying an additional 880,449 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in MSCI during the second quarter valued at about $56,019,000. Marshall Wace LLP boosted its position in MSCI by 621.4% in the second quarter. Marshall Wace LLP now owns 605,741 shares of the company’s stock valued at $46,714,000 after buying an additional 521,779 shares during the last quarter. Finally, State Street Corp boosted its position in MSCI by 15.9% in the first quarter. State Street Corp now owns 2,947,090 shares of the company’s stock valued at $218,324,000 after buying an additional 403,307 shares during the last quarter. 95.32% 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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