MSCI Inc. (MSCI) Stock Rating Reaffirmed by Credit Suisse Group AG
MSCI Inc. (NYSE:MSCI)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group AG in a research report issued on Sunday. They currently have a $94.00 target price on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 17.96% from the company’s current price.
Several other brokerages have also weighed in on MSCI. Evercore ISI reissued a “sell” rating on shares of MSCI in a report on Thursday, October 27th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Wednesday, November 2nd. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of MSCI in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $81.67.
MSCI (NYSE:MSCI) opened at 79.69 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 31.32 and a beta of 1.00. MSCI has a 1-year low of $62.17 and a 1-year high of $90.79. The company’s 50-day moving average price is $82.18 and its 200 day moving average price is $81.31.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The firm earned $288.43 million during the quarter, compared to analyst estimates of $288.96 million. MSCI had a return on equity of 43.72% and a net margin of 22.29%. MSCI’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, equities analysts expect that MSCI will post $2.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, November 9th. MSCI’s dividend payout ratio (DPR) is presently 44.09%.
In other news, COO Cd Baer Pettit sold 26,815 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin F. Dupont sold 5,307 shares of the company’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 transaction, 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. Insiders own 2.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its position in MSCI by 392.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,255 shares of the company’s stock valued at $105,000 after buying an additional 1,000 shares during the period. Fifth Third Bancorp raised its position in MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock valued at $154,000 after buying an additional 1,988 shares during the period. Strs Ohio raised its position in MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock valued at $173,000 after buying an additional 2,126 shares during the period. Copper Rock Capital Partners LLC bought a new position in MSCI during the third quarter valued at approximately $199,000. Finally, Gideon Capital Advisors Inc. bought a new position in MSCI during the second quarter valued at approximately $213,000. 97.00% of the stock is owned by institutional investors.
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.
Receive News & Stock Ratings for MSCI Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI Inc. and related stocks with our FREE daily email newsletter.