MSCI Inc. (NYSE:MSCI) was downgraded by analysts at Evercore ISI from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. They presently have a $75.00 target price on the stock, down from their prior target price of $81.00. Evercore ISI’s price objective would suggest a potential downside of 8.45% from the stock’s previous close.
MSCI has been the topic of a number of other reports. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG set a $94.00 price target on shares of MSCI and gave the stock a “buy” rating in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald set a $86.00 price target on shares of MSCI and gave the stock a “buy” rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.57.
Shares of MSCI (NYSE:MSCI) opened at 81.92 on Tuesday. The firm has a 50-day moving average of $85.86 and a 200-day moving average of $80.25. The company has a market cap of $7.75 billion, a P/E ratio of 33.49 and a beta of 0.96. MSCI has a 52-week low of $59.31 and a 52-week high of $90.79.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The business had revenue of $290.60 million for the quarter, compared to the consensus estimate of $286.46 million. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. Equities research analysts forecast that MSCI will post $2.92 earnings per share for the current year.
In other MSCI news, Director Benjamin F. Dupont sold 5,307 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total transaction of $475,560.27. Following the transaction, the director now owns 21,708 shares in the company, valued at approximately $1,945,253.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valueact Capital Master Fund, sold 125,900 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $86.68, for a total transaction of $10,913,012.00. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of MSCI by 15.9% in the first quarter. State Street Corp now owns 2,947,090 shares of the company’s stock worth $218,324,000 after buying an additional 403,307 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of MSCI by 15.8% in the first quarter. Canada Pension Plan Investment Board now owns 11,700 shares of the company’s stock worth $867,000 after buying an additional 1,600 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of MSCI during the first quarter worth about $329,000. ING Groep NV bought a new position in shares of MSCI during the first quarter worth about $230,000. Finally, M&T Bank Corp raised its position in shares of 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 last quarter. Institutional investors and hedge funds 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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