BidaskClub Lowers 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 report released on Wednesday.

Several other equities research analysts have also issued reports on the company. Morgan Stanley lifted their price objective on MSCI from $125.00 to $129.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. UBS AG lifted their price target on MSCI from $115.00 to $125.00 and gave the stock a buy rating in a research note on Friday, August 4th. Barclays PLC started coverage on MSCI in a research note on Tuesday, July 18th. They set an equal weight rating and a $110.00 price target for the company. Finally, Zacks Investment Research raised MSCI from a hold rating to a buy rating and set a $115.00 price target for the company in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MSCI presently has a consensus rating of Buy and an average price target of $127.17.

Shares of MSCI (NYSE:MSCI) opened at $126.04 on Wednesday. The stock has a market capitalization of $11,351.04, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.32 and a beta of 0.86. MSCI has a 52 week low of $76.52 and a 52 week high of $127.23. The company has a debt-to-equity ratio of 6.76, a quick ratio of 1.96 and a current ratio of 1.96.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $322.10 million during the quarter, compared to analyst estimates of $322.96 million. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. equities analysts expect that MSCI will post 3.82 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, November 16th. MSCI’s dividend payout ratio (DPR) is currently 45.37%.

In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the completion of the sale, the chief operating officer now owns 176,183 shares of the company’s stock, valued at $20,289,234.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 6,249 shares of company stock valued at $724,009. Corporate insiders own 2.26% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSCI. OppenheimerFunds Inc. lifted its stake in shares of MSCI by 0.3% in the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after acquiring an additional 8 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of MSCI in the 1st quarter valued at about $494,000. Dimensional Fund Advisors LP lifted its stake in shares of MSCI by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 495,144 shares of the technology company’s stock valued at $48,121,000 after acquiring an additional 2,886 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of MSCI by 115.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after acquiring an additional 805 shares during the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake in shares of MSCI by 309.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after acquiring an additional 1,570 shares during the last quarter. 94.82% of the stock is 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.

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