MSCI Inc. (MSCI) Rating Increased to Buy at Zacks Investment Research
MSCI Inc. (NYSE:MSCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $90.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 14.21% from the stock’s current price.
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 also recently issued reports on MSCI. Evercore ISI reissued a “sell” rating on shares of MSCI in a research note on Thursday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of MSCI in a research note on Friday, August 19th. Finally, Credit Suisse Group AG initiated coverage on MSCI in a research note on Sunday, November 20th. They set an “outperform” rating and a $94.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $82.17.
Shares of MSCI (NYSE:MSCI) opened at 78.80 on Tuesday. MSCI has a 52-week low of $62.17 and a 52-week high of $90.79. The firm has a 50-day moving average price of $80.71 and a 200-day moving average price of $81.73. The stock has a market cap of $7.42 billion, a P/E ratio of 30.97 and a beta of 1.00.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business earned $288.43 million during the quarter, compared to the consensus estimate of $288.96 million. MSCI had a return on equity of 43.72% and a net margin of 22.29%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, analysts anticipate that MSCI will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Monday, November 14th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, November 9th. MSCI’s dividend payout ratio is currently 44.09%.
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In other MSCI news, insider Valueact Capital Master Fund, sold 450,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $88.17, for a total transaction of $39,676,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact sold 125,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $86.23, for a total value of $10,778,750.00. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Capital Fund Management S.A. boosted its stake 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 boosted its stake 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 bought a new stake in shares of MSCI during the second quarter worth approximately $3,543,000. Oakbrook Investments LLC boosted its stake 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. boosted its stake 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. Hedge funds and other institutional investors 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.
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