MSCI Inc. (MSCI) Given a $94.00 Price Target at Credit Suisse Group AG
Several other research analysts also recently weighed in on the company. Cantor Fitzgerald set a $86.00 target price on MSCI and gave the stock a buy rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded MSCI from a hold rating to a sell rating in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. MSCI currently has an average rating of Hold and a consensus price target of $81.50.
MSCI (NYSE:MSCI) opened at 83.12 on Monday. The company has a market cap of $7.87 billion, a P/E ratio of 33.98 and a beta of 0.96. MSCI has a 1-year low of $59.10 and a 1-year high of $90.79. The stock has a 50 day moving average price of $86.49 and a 200 day moving average price of $79.95.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.05. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The firm had revenue of $290.60 million for the quarter, compared to the consensus estimate of $286.46 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that MSCI will post $2.92 EPS for the current fiscal year.
In other news, COO Cd Baer Pettit sold 26,815 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $87.20, for a total value of $2,338,268.00. Following the completion of the transaction, the chief operating officer now owns 230,685 shares of the company’s stock, valued at approximately $20,115,732. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $88.17, for a total value of $39,676,500.00. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted 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 valued at $154,000 after buying an additional 1,988 shares during the period. Strs Ohio boosted 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 last quarter. Mckinley Capital Management LLC Delaware acquired a new position in MSCI during the first quarter worth $171,000. Copper Rock Capital Partners LLC acquired a new position in MSCI during the third quarter worth $199,000. Finally, Gideon Capital Advisors Inc. acquired a new position in MSCI during the second quarter worth $213,000. 95.32% 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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