Evercore ISI Lowers MSCI Inc. (MSCI) to Sell
MSCI Inc. (NYSE:MSCI) was downgraded by Evercore ISI from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, The Fly reports.
MSCI has been the subject of a number of other research reports. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG set a $94.00 price target 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 target on MSCI and gave the company a “buy” rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $81.50.
Shares of MSCI (NYSE:MSCI) opened at 82.97 on Tuesday. MSCI has a 52-week low of $59.10 and a 52-week high of $90.79. The company has a 50 day moving average of $86.24 and a 200 day moving average of $80.24. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 33.92 and a beta of 0.96.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ 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 business earned $290.60 million during the quarter, compared to analyst estimates of $286.46 million. During the same quarter last year, the company posted $0.56 EPS. MSCI’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that MSCI will post $2.92 EPS for the current fiscal year.
In other MSCI news, insider Valueact Capital Master Fund, sold 450,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $88.17, for a total transaction of $39,676,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin F. Dupont sold 5,307 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total value of $475,560.27. Following the sale, the director now owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.
Large investors have recently made changes to their positions in the company. Logan Capital Management Inc. increased its stake in MSCI by 1.3% in the second quarter. Logan Capital Management Inc. now owns 8,787 shares of the company’s stock worth $678,000 after buying an additional 109 shares during the period. Hartford Investment Management Co. increased its stake in MSCI by 8.5% in the second quarter. Hartford Investment Management Co. now owns 3,051 shares of the company’s stock worth $235,000 after buying an additional 239 shares during the period. Eqis Capital Management Inc. increased its stake in MSCI by 1.7% in the third quarter. Eqis Capital Management Inc. now owns 15,308 shares of the company’s stock worth $1,285,000 after buying an additional 251 shares during the period. Ameritas Investment Partners Inc. increased its stake in MSCI by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the company’s stock worth $1,059,000 after buying an additional 269 shares during the period. Finally, M&T Bank Corp increased its stake in MSCI by 4.2% in the first quarter. M&T Bank Corp now owns 6,793 shares of the company’s stock worth $503,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 95.32% 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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