A number of other brokerages also recently issued reports on MSCI. Zacks Investment Research downgraded MSCI from a hold rating to a sell rating in a research report on Tuesday, July 5th. Cantor Fitzgerald reiterated a buy rating on shares of MSCI in a research report on Friday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $81.50.
MSCI (NYSE:MSCI) opened at 83.21 on Monday. MSCI has a 1-year low of $59.09 and a 1-year high of $90.79. The stock has a 50 day moving average of $86.60 and a 200 day moving average of $79.93. The stock has a market cap of $7.87 billion, a P/E ratio of 34.02 and a beta of 0.96.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The firm earned $290.60 million during the quarter, compared to analyst estimates of $286.46 million. During the same period last year, the firm posted $0.56 earnings per share. MSCI’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that MSCI will post $2.92 EPS for the current fiscal year.
In other MSCI news, Director Benjamin F. Dupont sold 5,307 shares of MSCI 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 transaction, the director now owns 21,708 shares in the company, valued at $1,945,253.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Valueact Capital Master Fund, sold 450,000 shares of MSCI 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. 2.07% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of MSCI. Fifth Third Bancorp raised 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 valued at $154,000 after buying an additional 1,988 shares during the period. Strs Ohio raised its position in MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock valued at $173,000 after buying an additional 2,126 shares during the period. Mckinley Capital Management LLC Delaware bought a new position in MSCI during the first quarter valued at about $171,000. Gideon Capital Advisors Inc. bought a new position in MSCI during the second quarter valued at about $213,000. Finally, Hartford Investment Management Co. raised its position in MSCI by 8.5% in the second quarter. Hartford Investment Management Co. now owns 3,051 shares of the company’s stock valued at $235,000 after buying an additional 239 shares during the period. Institutional investors own 95.32% of the company’s stock.
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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