MSCI Inc. (MSCI) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of MSCI Inc. (NYSE:MSCI) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $90.00 target price on the stock.
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 research firms have also weighed in on MSCI. Evercore ISI reissued a sell rating on shares of MSCI in a research note on Thursday, October 27th. Cantor Fitzgerald reissued a buy rating on shares of MSCI in a research note on Friday, August 19th. Finally, Credit Suisse Group AG began coverage on shares of MSCI in a research note on Sunday. They issued an outperform rating and a $94.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $82.17.
MSCI (NYSE:MSCI) opened at 80.19 on Wednesday. The company has a market cap of $7.55 billion, a PE ratio of 31.52 and a beta of 1.00. MSCI has a 1-year low of $62.17 and a 1-year high of $90.79. The stock’s 50 day moving average price is $80.98 and its 200-day moving average price is $81.56.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The company had revenue of $288.43 million for the quarter, compared to analysts’ expectations of $288.96 million. During the same period in the previous year, the firm posted $0.60 EPS. MSCI’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that MSCI will post $2.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders 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 annualized dividend and a dividend yield of 1.40%. MSCI’s dividend payout ratio (DPR) is 44.09%.
In related news, COO Cd Baer Pettit sold 2,087 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $80.50, for a total transaction of $168,003.50. Following the completion of the transaction, the chief operating officer now owns 201,783 shares in the company, valued at $16,243,531.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin F. Dupont sold 5,307 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total transaction of $475,560.27. Following the transaction, the director now owns 21,708 shares of the company’s stock, valued at approximately $1,945,253.88. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of MSCI. Fuller & Thaler Asset Management Inc. increased its position in shares of MSCI by 392.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,255 shares of the company’s stock worth $105,000 after buying an additional 1,000 shares during the last quarter. Fifth Third Bancorp increased its position in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock worth $154,000 after buying an additional 1,988 shares during the last quarter. Strs Ohio increased its position in shares of MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock worth $173,000 after buying an additional 2,126 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new position in shares of MSCI during the third quarter worth approximately $199,000. Finally, Gideon Capital Advisors Inc. purchased a new position in shares of MSCI during the second quarter worth approximately $213,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.
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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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