MSCI Inc. (NYSE:MSCI)‘s stock had its “sell” rating reissued by stock analysts at Evercore ISI in a research report issued on Thursday.
Several other equities research analysts also recently weighed in on MSCI. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Cantor Fitzgerald restated a “buy” rating on shares of MSCI in a research note on Friday, August 19th. Finally, Credit Suisse Group AG began coverage on shares of MSCI in a research note on Monday, July 11th. They issued an “outperform” rating and a $88.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.57.
Shares of MSCI (NYSE:MSCI) opened at 78.95 on Thursday. MSCI has a 12 month low of $62.17 and a 12 month high of $90.79. The company has a market cap of $7.48 billion, a P/E ratio of 31.03 and a beta of 0.96. The stock’s 50 day moving average is $83.69 and its 200-day moving average is $80.94.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company earned $288.43 million during the quarter, compared to the consensus estimate of $288.96 million. MSCI had a net margin of 22.29% and a return on equity of 41.60%. MSCI’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that MSCI will post $2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.12 annualized dividend and a dividend yield of 1.42%. MSCI’s dividend payout ratio (DPR) is presently 44.09%.
In other MSCI news, Director Benjamin F. Dupont sold 5,307 shares of MSCI stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total value of $475,560.27. Following the completion of the transaction, the director now owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 225,000 shares of MSCI stock in a transaction 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. Corporate insiders own 2.07% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Logan Capital Management Inc. boosted its position in MSCI by 1.3% in the second quarter. Logan Capital Management Inc. now owns 8,787 shares of the company’s stock worth $678,000 after buying an additional 109 shares during the last quarter. Hartford Investment Management Co. boosted 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 worth $235,000 after buying an additional 239 shares during the last quarter. Eqis Capital Management Inc. boosted its position in MSCI by 1.7% in the third quarter. Eqis Capital Management Inc. now owns 15,308 shares of the company’s stock worth $1,285,000 after buying an additional 251 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in MSCI by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the company’s stock worth $1,059,000 after buying an additional 269 shares during the last quarter. Finally, M&T Bank Corp boosted its position in 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. 95.31% of the stock is owned by institutional investors.
MSCI Company Profile