MSCI Inc. (NYSE:MSCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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. “
MSCI has been the topic of a number of other reports. Cantor Fitzgerald restated a “buy” rating on shares of MSCI in a report on Friday, August 19th. Credit Suisse Group AG restated a “buy” rating and set a $88.00 price objective on shares of MSCI in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. MSCI has an average rating of “Hold” and a consensus price target of $81.50.
Shares of MSCI (NYSE:MSCI) traded up 0.04% during midday trading on Wednesday, reaching $83.15. 73,417 shares of the company were exchanged. MSCI has a 52-week low of $59.10 and a 52-week high of $90.79. The company has a market capitalization of $7.87 billion, a P/E ratio of 33.99 and a beta of 0.96. The stock has a 50-day moving average price of $86.49 and a 200 day moving average price of $79.95.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The business had revenue of $290.60 million for the quarter, compared to analyst estimates of $286.46 million. During the same period last year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that MSCI will post $2.92 EPS for the current fiscal year.
In related news, Director Benjamin F. Dupont sold 5,307 shares of the firm’s 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the firm’s stock in a transaction 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. 2.07% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock worth $154,000 after buying an additional 1,988 shares during the period. Mckinley Capital Management LLC Delaware purchased a new position in shares of MSCI during the first quarter worth approximately $171,000. Strs Ohio increased its position in shares of MSCI by 1,700.8% in the second quarter. Strs Ohio now owns 2,251 shares of the company’s stock worth $173,000 after buying an additional 2,126 shares during the period. Copper Rock Capital Partners LLC purchased a new position in shares of MSCI during the third quarter worth approximately $199,000. Finally, Gideon Capital Advisors Inc. purchased a new position in shares of MSCI during the second quarter worth approximately $213,000. 95.32% of the stock is owned by institutional investors.
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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