Zacks Investment Research lowered shares of MSCI Inc. (NYSE:MSCI) from a hold rating to a sell rating in a report issued on Wednesday.

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. “

Several other equities research analysts have also recently commented on the company. Credit Suisse Group AG assumed coverage on MSCI in a research note on Monday, July 11th. They set an outperform rating and a $88.00 price target for the company. Cantor Fitzgerald set a $86.00 price target on MSCI and gave the stock a buy rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. MSCI has an average rating of Hold and a consensus target price of $81.50.

MSCI (NYSE:MSCI) traded down 0.49% during trading on Wednesday, reaching $82.80. 349,111 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $86.60 and a 200-day moving average of $79.93. MSCI has a 52 week low of $59.09 and a 52 week high of $90.79. The stock has a market capitalization of $7.84 billion, a PE ratio of 33.85 and a beta of 0.96.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ 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 company earned $290.60 million during the quarter, compared to analysts’ expectations of $286.46 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that MSCI will post $2.92 EPS for the current year.

In related news, COO Cd Baer Pettit sold 26,815 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $87.20, for a total transaction of $2,338,268.00. Following the sale, the chief operating officer now owns 230,685 shares of the company’s stock, valued at $20,115,732. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 125,900 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $86.68, for a total value of $10,913,012.00. The disclosure for this sale can be found here. 2.07% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Logan Capital Management Inc. raised its stake in MSCI by 1.3% in the second quarter. Logan Capital Management Inc. now owns 8,787 shares of the company’s stock worth $678,000 after buying an additional 109 shares during the last quarter. Hartford Investment Management Co. raised its stake in MSCI by 8.5% in the second quarter. Hartford Investment Management Co. now owns 3,051 shares of the company’s stock worth $235,000 after buying an additional 239 shares during the last quarter. Eqis Capital Management Inc. raised its stake in MSCI by 1.7% in the third quarter. Eqis Capital Management Inc. now owns 15,308 shares of the company’s stock worth $1,285,000 after buying an additional 251 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in MSCI by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the company’s stock worth $1,059,000 after buying an additional 269 shares during the last quarter. Finally, M&T Bank Corp raised its stake in MSCI by 4.2% in the first quarter. M&T Bank Corp now owns 6,793 shares of the company’s stock worth $503,000 after buying an additional 275 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors and hedge funds.

MSCI Company Profile

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.

5 Day Chart for NYSE:MSCI

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