Cantor Fitzgerald Reiterates “Buy” Rating for MSCI Inc (MSCI)

MSCI Inc (NYSE:MSCI)‘s stock had its “buy” rating reissued by stock analysts at Cantor Fitzgerald in a report issued on Thursday, November 2nd. They currently have a $126.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 1.18% from the stock’s current price.

The analysts wrote, “3Q17 revenues just above expectations. 3Q17 revenue was $322.1 mn, up 11.7% y/y (+11.9% in constant currency), vs. our estimate of $321.0 mn and the FactSet consensus of $321.7 mn. Growth was driven by continued strength in the Index product line, aided by all time highs in global ETF AuM. 3Q17 adjusted EPS was $1.00, above our estimate of $0.98 and the consensus of $0.97. Adjusted EBITDA margin was 52.3%, from 3Q16’s 49.7%, vs. our estimate of 52.7%.””

MSCI has been the topic of several other research reports. BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Morgan Stanley boosted their target price on MSCI from $125.00 to $129.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. UBS AG upped their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Barclays PLC started coverage on MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $127.17.

Shares of MSCI (MSCI) opened at $127.50 on Thursday. The stock has a market capitalization of $11,460.00, a PE ratio of 34.78, a PEG ratio of 3.31 and a beta of 0.86. MSCI has a 52-week low of $76.52 and a 52-week high of $128.90. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05.

MSCI (NYSE:MSCI) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The company had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. During the same period in the previous year, the firm posted $0.77 earnings per share. MSCI’s quarterly revenue was up 11.7% compared to the same quarter last year. research analysts predict that MSCI will post 3.82 EPS for the current year.

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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.26% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MSCI. Janus Henderson Group PLC lifted its position in MSCI by 41,366.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock worth $390,808,000 after acquiring an additional 3,785,473 shares during the last quarter. Findlay Park Partners LLP raised its position in shares of MSCI by 89.3% during the second quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock valued at $173,589,000 after buying an additional 795,000 shares during the last quarter. Fiera Capital Corp raised its position in shares of MSCI by 11.1% during the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after buying an additional 375,333 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of MSCI by 64.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after buying an additional 359,892 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of MSCI by 1,502.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 293,037 shares of the technology company’s stock valued at $34,256,000 after buying an additional 274,748 shares during the last quarter. 95.26% of the stock is owned by hedge funds and other 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.

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