BidaskClub Downgrades MSCI Inc (MSCI) to Buy

BidaskClub cut shares of MSCI Inc (NYSE:MSCI) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, June 22nd.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of MSCI from a hold rating to a buy rating and set a $107.00 price objective for the company in a research report on Wednesday, March 15th. UBS Group AG restated a buy rating and issued a $114.00 price objective (up previously from $99.00) on shares of MSCI in a research report on Friday, May 5th. Cantor Fitzgerald restated a buy rating and issued a $100.00 price objective on shares of MSCI in a research report on Friday, May 5th. Morgan Stanley raised their price objective on shares of MSCI from $93.00 to $98.00 and gave the company an equal weight rating in a research report on Monday, May 8th. Finally, Credit Suisse Group lowered their price objective on shares of MSCI from $105.00 to $94.00 and set an outperform rating for the company in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. MSCI presently has an average rating of Buy and a consensus target price of $100.71.

MSCI (NYSE MSCI) opened at 106.98 on Thursday. MSCI has a 52-week low of $76.52 and a 52-week high of $109.29. The firm has a 50-day moving average of $104.21 and a 200 day moving average of $96.40. The company has a market cap of $9.68 billion, a PE ratio of 36.88 and a beta of 1.03.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.03. The firm had revenue of $301.21 million during the quarter, compared to analysts’ expectations of $303.88 million. MSCI had a net margin of 23.31% and a return on equity of 72.33%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. Equities research analysts expect that MSCI will post $3.65 earnings per share for the current fiscal year.

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In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $99.57, for a total value of $207,404.31. Following the transaction, the chief operating officer now owns 184,515 shares of the company’s stock, valued at approximately $18,372,158.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 6,249 shares of company stock worth $639,439 in the last ninety days. Insiders own 2.26% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MSCI. BlackRock Inc. raised its position in MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after buying an additional 8,068,258 shares during the last quarter. Norges Bank purchased a new position in MSCI during the fourth quarter valued at $70,214,000. Findlay Park Partners LLP raised its position in MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock valued at $86,547,000 after buying an additional 679,729 shares during the last quarter. Renaissance Technologies LLC raised its position in MSCI by 675.7% in the first quarter. Renaissance Technologies LLC now owns 246,821 shares of the technology company’s stock valued at $23,989,000 after buying an additional 215,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after buying an additional 174,154 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors.

About MSCI

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

Analyst Recommendations for MSCI (NYSE:MSCI)

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