MSCI Inc. (MSCI) Receives Consensus Rating of “Hold” from Analysts
MSCI Inc. (NYSE:MSCI) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $83.00.
A number of research analysts recently weighed in on the company. Evercore ISI lowered MSCI from a “hold” rating to a “sell” rating and reduced their price objective for the company from $81.00 to $75.00 in a research report on Tuesday, October 11th. Zacks Investment Research raised MSCI from a “sell” rating to a “hold” rating in a research report on Tuesday, October 18th. Credit Suisse Group AG set a $94.00 price objective on MSCI and gave the company a “buy” rating in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald set a $86.00 price objective on MSCI and gave the company a “buy” rating in a research report on Thursday, July 28th.
Shares of MSCI (NYSE:MSCI) traded up 0.46% on Friday, hitting $80.56. The stock had a trading volume of 114,188 shares. The stock has a 50 day moving average of $80.98 and a 200-day moving average of $81.56. MSCI has a 12 month low of $62.17 and a 12 month high of $90.79. The stock has a market cap of $7.58 billion, a PE ratio of 31.67 and a beta of 1.00.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the 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 firm earned $288.43 million during the quarter, compared to analyst estimates of $288.96 million. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that MSCI will post $2.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 9th. MSCI’s payout ratio is 44.09%.
In other news, COO Cd Baer Pettit sold 2,087 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $80.50, for a total value of $168,003.50. Following the transaction, the chief operating officer now directly owns 201,783 shares in the company, valued at approximately $16,243,531.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick Tierney sold 3,500 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $80.39, for a total value of $281,365.00. Following the completion of the transaction, the director now owns 13,242 shares in the company, valued at $1,064,524.38. The disclosure for this sale can be found here. 2.07% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased 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 worth $105,000 after buying an additional 1,000 shares during the period. Fifth Third Bancorp increased 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 worth $154,000 after buying an additional 1,988 shares during the period. Strs Ohio increased its position in 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 period. Copper Rock Capital Partners LLC purchased a new position in MSCI during the third quarter worth about $199,000. Finally, Gideon Capital Advisors Inc. purchased a new position in MSCI during the second quarter worth about $213,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.
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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