Evercore ISI lowered shares of MSCI Inc. (NYSE:MSCI) from a hold rating to a sell rating in a report released on Tuesday.
Several other brokerages also recently issued reports on MSCI. Credit Suisse Group AG started coverage on shares of MSCI in a research note on Monday, July 11th. They issued an outperform rating and a $88.00 target price on the stock. Zacks Investment Research downgraded shares of MSCI from a hold rating to a sell rating in a research note on Tuesday, July 5th. Finally, Cantor Fitzgerald reiterated a buy rating on shares of MSCI in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $81.50.
MSCI (NYSE:MSCI) traded up 1.49% on Tuesday, reaching $81.29. 295,939 shares of the company traded hands. MSCI has a 1-year low of $59.10 and a 1-year high of $90.79. The stock’s 50-day moving average is $86.03 and its 200-day moving average is $80.24. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 33.23 and a beta of 0.96.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm 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 business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Equities research analysts expect that MSCI will post $2.92 EPS 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 completion of the sale, the director now directly owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $88.17, for a total transaction of $39,676,500.00. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake 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 in the last quarter. Canada Pension Plan Investment Board boosted its stake 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 in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of MSCI during the first quarter worth approximately $329,000. ING Groep NV acquired a new stake in shares of MSCI during the first quarter worth approximately $230,000. Finally, M&T Bank Corp boosted its stake 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 in the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.
MSCI Company Profile