Zacks Investment Research upgraded shares of MSCI Inc. (NYSE:MSCI) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $90.00 price objective on the stock.
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. “
A number of other brokerages have also weighed in on MSCI. Cantor Fitzgerald reaffirmed a buy rating on shares of MSCI in a research report on Friday, August 19th. Credit Suisse Group AG reaffirmed a buy rating and set a $88.00 target price on shares of MSCI in a research report on Friday, July 29th. Finally, Evercore ISI lowered MSCI from a hold rating to a sell rating and lowered their target price for the stock from $81.00 to $75.00 in a research report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. MSCI presently has a consensus rating of Hold and a consensus price target of $82.17.
Shares of MSCI (NYSE:MSCI) opened at 80.28 on Wednesday. MSCI has a one year low of $62.17 and a one year high of $90.79. The firm has a market cap of $7.56 billion, a P/E ratio of 31.56 and a beta of 1.00. The firm’s 50-day moving average price is $80.78 and its 200 day moving average price is $81.69.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The company had revenue of $288.43 million for the quarter, compared to analyst estimates of $288.96 million. During the same period in the prior year, the firm earned $0.60 earnings per share. MSCI’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts predict that MSCI will post $2.96 EPS for the current year.
The business also recently declared 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 is Wednesday, November 9th. This represents a $1.12 annualized dividend and a yield of 1.40%. MSCI’s dividend payout ratio (DPR) is currently 44.09%.
In related news, COO Cd Baer Pettit sold 2,087 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $80.50, for a total transaction of $168,003.50. Following the completion of the sale, the chief operating officer now owns 201,783 shares in the company, valued at $16,243,531.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was 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. Corporate insiders own 2.07% of the company’s stock.
A number of large investors have recently made changes to their positions in MSCI. Capital Fund Management S.A. increased its position in shares of MSCI by 127.2% in the second quarter. Capital Fund Management S.A. now owns 131,989 shares of the company’s stock worth $10,179,000 after buying an additional 73,892 shares during the period. HL Financial Services LLC increased its position in shares of MSCI by 4.3% in the second quarter. HL Financial Services LLC now owns 83,178 shares of the company’s stock worth $6,415,000 after buying an additional 3,400 shares during the period. RS Investment Management Co. LLC acquired a new position in shares of MSCI during the second quarter worth about $3,543,000. Oakbrook Investments LLC increased its position in shares of MSCI by 8.4% in the second quarter. Oakbrook Investments LLC now owns 9,050 shares of the company’s stock worth $698,000 after buying an additional 700 shares during the period. Finally, Wright Investors Service Inc. increased its position in shares of MSCI by 3.5% in the second quarter. Wright Investors Service Inc. now owns 18,525 shares of the company’s stock worth $1,429,000 after buying an additional 630 shares during the period. Institutional investors and hedge funds own 94.43% of the company’s stock.
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.