According to Zacks, “MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio analytics for use in managing equity, fixed income and multi-asset class portfolios. “
Other analysts have also issued reports about the stock. Credit Suisse Group AG set a $94.00 price objective on shares of MSCI and gave the stock a buy rating in a research report on Monday, October 3rd. Cantor Fitzgerald reissued a buy rating on shares of MSCI in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $81.50.
Shares of MSCI (NYSE:MSCI) traded up 0.63% during mid-day trading on Wednesday, hitting $83.18. The stock had a trading volume of 41,283 shares. MSCI has a 52-week low of $59.10 and a 52-week high of $90.79. The company’s 50 day moving average is $86.36 and its 200-day moving average is $80.03. The stock has a market cap of $7.87 billion, a P/E ratio of 34.01 and a beta of 0.96.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company had revenue of $290.60 million for the quarter, compared to analyst estimates of $286.46 million. During the same period in the prior year, the company posted $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 earnings per share for the current fiscal year.
In related news, Director Holdings L.P. Valueact sold 125,000 shares of MSCI stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $86.23, for a total transaction of $10,778,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 225,000 shares of MSCI stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $85.28, for a total transaction of $19,188,000.00. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.
A number of institutional investors have recently modified their holdings of MSCI. Copper Rock Capital Partners LLC acquired a new position in shares of MSCI during the third quarter valued at about $199,000. Eqis Capital Management Inc. raised its position in shares of MSCI by 1.7% in the third quarter. Eqis Capital Management Inc. now owns 15,308 shares of the company’s stock valued at $1,285,000 after buying an additional 251 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of MSCI during the second quarter valued at about $3,054,000. Schwab Charles Investment Management Inc. raised its position in shares of MSCI by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 256,074 shares of the company’s stock valued at $19,749,000 after buying an additional 9,906 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of MSCI by 1.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,592 shares of the company’s stock valued at $2,128,000 after buying an additional 294 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors.
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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