MSCI Inc. (MSCI) Downgraded by Evercore ISI to Sell
A number of other equities analysts have also recently issued reports on MSCI. Zacks Investment Research cut shares of MSCI from a buy rating to a hold rating in a research report on Wednesday, June 29th. Credit Suisse Group AG started coverage on shares of MSCI in a research report on Monday, July 11th. They set an outperform rating and a $88.00 price objective on the stock. Finally, Cantor Fitzgerald set a $86.00 price objective on shares of MSCI and gave the stock a buy rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $81.50.
Shares of MSCI (NYSE:MSCI) traded up 1.49% during trading on Tuesday, reaching $81.29. The company’s stock had a trading volume of 295,939 shares. The stock’s 50 day moving average price is $86.03 and its 200-day moving average price is $80.24. The firm has a market cap of $7.69 billion, a PE ratio of 33.23 and a beta of 0.96. MSCI has a 12 month low of $59.10 and a 12 month high of $90.79.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The company had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $286.46 million. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. Equities analysts predict that MSCI will post $2.92 EPS for the current year.
In related news, 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 transaction, the director now directly owns 21,708 shares of the company’s stock, valued at approximately $1,945,253.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Cd Baer Pettit sold 26,815 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 230,685 shares of the company’s stock, valued at $20,115,732. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSCI. Capital Fund Management S.A. increased its position in MSCI by 127.2% in the second quarter. Capital Fund Management S.A. now owns 131,989 shares of the company’s stock valued at $10,179,000 after buying an additional 73,892 shares during the period. Geode Capital Management LLC increased its position in MSCI by 3.4% in the first quarter. Geode Capital Management LLC now owns 607,009 shares of the company’s stock valued at $44,940,000 after buying an additional 20,022 shares during the period. Pictet Asset Management Ltd. acquired a new position in MSCI during the first quarter valued at approximately $2,126,000. HL Financial Services LLC increased its position in MSCI by 4.3% in the second quarter. HL Financial Services LLC now owns 83,178 shares of the company’s stock valued at $6,415,000 after buying an additional 3,400 shares during the period. Finally, RS Investment Management Co. LLC acquired a new position in MSCI during the second quarter valued at approximately $3,543,000. 95.32% of the stock is owned by 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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