MSCI Inc. (MSCI) Receives Consensus Rating of “Hold” from Brokerages
MSCI Inc. (NYSE:MSCI) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $83.00.
MSCI has been the topic of a number of recent analyst reports. Evercore ISI lowered MSCI from a “hold” rating to a “sell” rating and reduced their target price for the stock from $81.00 to $75.00 in a research note on Tuesday, October 11th. Zacks Investment Research upgraded MSCI from a “sell” rating to a “hold” rating in a research note on Tuesday, October 18th. Credit Suisse Group AG set a $94.00 price target on MSCI and gave the company a “buy” rating in a research note on Monday, October 3rd. Finally, Cantor Fitzgerald restated a “buy” rating on shares of MSCI in a research note on Friday, August 19th.
In related news, COO Cd Baer Pettit sold 2,087 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $80.50, for a total transaction of $168,003.50. Following the sale, the chief operating officer now owns 201,783 shares of the company’s stock, valued at $16,243,531.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Valueact Capital Master Fund, sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $85.41, for a total value of $19,217,250.00. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.
Large investors have recently modified their holdings of the stock. Capital Fund Management S.A. increased its stake in shares of MSCI by 127.2% in the second quarter. Capital Fund Management S.A. now owns 131,989 shares of the company’s stock worth $10,179,000 after buying an additional 73,892 shares during the last quarter. HL Financial Services LLC increased its stake in shares of MSCI by 4.3% in the second quarter. HL Financial Services LLC now owns 83,178 shares of the company’s stock valued at $6,415,000 after buying an additional 3,400 shares in the last quarter. RS Investment Management Co. LLC acquired a new stake in shares of MSCI during the second quarter valued at $3,543,000. Oakbrook Investments LLC increased its stake in shares of MSCI by 8.4% in the second quarter. Oakbrook Investments LLC now owns 9,050 shares of the company’s stock valued at $698,000 after buying an additional 700 shares in the last quarter. Finally, Wright Investors Service Inc. increased its stake in shares of MSCI by 3.5% in the second quarter. Wright Investors Service Inc. now owns 18,525 shares of the company’s stock valued at $1,429,000 after buying an additional 630 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.
MSCI (NYSE:MSCI) opened at 80.63 on Friday. MSCI has a 12 month low of $62.17 and a 12 month high of $90.79. The firm has a 50-day moving average price of $80.78 and a 200-day moving average price of $81.69. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 31.69 and a beta of 1.00.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The business had revenue of $288.43 million for the quarter, compared to analyst estimates of $288.96 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that MSCI will post $2.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, November 9th. MSCI’s payout ratio is currently 44.09%.
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.
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