Msci (NYSE:MSCI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “MSCI’s fourth-quarter 2018 results were impressive as both earnings and revenues increased on a year-over-year basis. Index sales and one-time sales in the quarter were highest in the company’s history. Moreover, in terms of retention rate, this fourth-quarter was best in MSCI’s history. Cancellation rate was also relatively low in the quarter. The company benefited from the growth of non-ETF passive funds related to MSCI indexes, exchange-traded futures and options products, strong demand for custom and factor index modules and the increasing adoption of the ESG solution into the investment process. MSCI also gained from strong traction in client segments, like wealth management, banks and broker dealers. Moreover, the company generated record free cash flow. Shares have outperformed the industry in the past year.”

MSCI has been the topic of a number of other research reports. Morgan Stanley set a $172.00 price objective on Msci and gave the stock a “hold” rating in a research note on Monday, October 15th. Barclays dropped their price objective on Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets dropped their price objective on Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Buckingham Research initiated coverage on Msci in a research note on Friday, January 25th. They issued a “neutral” rating and a $171.00 price objective on the stock. Finally, Cantor Fitzgerald boosted their price objective on Msci to $188.00 and gave the stock a “buy” rating in a research note on Friday, February 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Msci currently has a consensus rating of “Buy” and a consensus price target of $181.50.

Msci stock traded up $2.13 during mid-day trading on Tuesday, hitting $173.88. 152,139 shares of the company’s stock traded hands, compared to its average volume of 636,650. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market capitalization of $15.17 billion, a P/E ratio of 32.50, a PEG ratio of 2.88 and a beta of 1.11. Msci has a one year low of $134.28 and a one year high of $184.22.

Msci (NYSE:MSCI) last announced its earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. The firm had revenue of $361.69 million for the quarter, compared to the consensus estimate of $360.95 million. Msci had a return on equity of 125.73% and a net margin of 35.42%. On average, research analysts expect that Msci will post 5.98 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Msci by 252.9% in the 4th quarter. CWM LLC now owns 247 shares of the technology company’s stock worth $36,000 after acquiring an additional 177 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Msci in the 4th quarter worth $38,000. Valeo Financial Advisors LLC grew its holdings in shares of Msci by 865.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock worth $70,000 after acquiring an additional 424 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Msci in the 4th quarter worth $76,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Msci in the 4th quarter worth $92,000. 94.61% of the stock is currently owned by institutional investors.

Msci Company Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

Further Reading: Benefits of owning preferred stock

Get a free copy of the Zacks research report on Msci (MSCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Msci (NYSE:MSCI)

Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.