MSCI Inc. (MSCI) Stock Rating Lowered by Zacks Investment Research
MSCI Inc. (NYSE:MSCI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $87.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 11.64% from the company’s current price.
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. “
A number of other analysts have also weighed in on the stock. Evercore ISI lowered shares of MSCI from a “hold” rating to a “sell” rating and decreased their target price for the stock from $81.00 to $75.00 in a report on Tuesday, October 11th. Credit Suisse Group AG set a $94.00 price target on shares of MSCI and gave the stock a “buy” rating in a report on Monday, October 3rd. Finally, Cantor Fitzgerald set a $86.00 price target on shares of MSCI and gave the stock a “buy” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.67.
MSCI (NYSE:MSCI) opened at 77.93 on Tuesday. MSCI has a 52 week low of $62.17 and a 52 week high of $90.79. The company’s 50-day moving average is $81.51 and its 200-day moving average is $81.39. The company has a market cap of $7.34 billion, a P/E ratio of 30.63 and a beta of 1.00.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. The business had revenue of $288.43 million for the quarter, compared to analyst estimates of $288.96 million. MSCI had a net margin of 22.29% and a return on equity of 43.72%. MSCI’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, analysts anticipate that MSCI will post $2.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. MSCI’s dividend payout ratio (DPR) is 44.09%.
In other news, COO Cd Baer Pettit sold 2,087 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $80.50, for a total value of $168,003.50. Following the completion of the sale, the chief operating officer now owns 201,783 shares of the company’s stock, valued at approximately $16,243,531.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $88.17, for a total transaction of $39,676,500.00. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Pictet Asset Management Ltd. purchased a new stake in shares of MSCI during the first quarter valued at $2,126,000. Geode Capital Management LLC boosted its stake in shares of 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 last quarter. AMP Capital Investors Ltd purchased a new stake in shares of MSCI during the first quarter valued at $1,730,000. Legal & General Group Plc boosted its stake in shares of MSCI by 96.1% in the first quarter. Legal & General Group Plc now owns 64,519 shares of the company’s stock valued at $4,778,000 after buying an additional 31,625 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of MSCI by 57.5% in the first quarter. Envestnet Asset Management Inc. now owns 14,860 shares of the company’s stock valued at $1,101,000 after buying an additional 5,423 shares during the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.
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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