Morgan Stanley Analysts Give Msci (MSCI) a $185.00 Price Target
A number of other brokerages also recently issued reports on MSCI. BMO Capital Markets initiated coverage on Msci in a report on Wednesday, July 25th. They issued an outperform rating and a $198.00 price target for the company. Zacks Investment Research downgraded Msci from a hold rating to a sell rating in a report on Wednesday, July 4th. Northcoast Research reissued a neutral rating on shares of Msci in a report on Tuesday, June 26th. Cantor Fitzgerald boosted their price target on Msci to $192.00 and gave the company an overweight rating in a report on Friday, August 3rd. Finally, Wells Fargo & Co boosted their price target on Msci from $170.00 to $190.00 and gave the company an outperform rating in a report on Monday, June 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $176.38.
Shares of NYSE:MSCI opened at $182.18 on Thursday. Msci has a 12-month low of $112.11 and a 12-month high of $184.22. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 3.37 and a beta of 0.89. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. This is an increase from Msci’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 16th. Msci’s dividend payout ratio is presently 58.29%.
Several hedge funds have recently made changes to their positions in MSCI. FMR LLC raised its stake in shares of Msci by 12.6% during the 2nd quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock worth $1,441,701,000 after buying an additional 976,018 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Msci by 722.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,068,039 shares of the technology company’s stock worth $176,685,000 after buying an additional 938,236 shares during the period. American Century Companies Inc. raised its stake in Msci by 67.8% in the 2nd quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock valued at $287,512,000 after purchasing an additional 702,241 shares during the last quarter. BlackRock Inc. raised its stake in Msci by 5.1% in the 1st quarter. BlackRock Inc. now owns 9,350,846 shares of the technology company’s stock valued at $1,397,671,000 after purchasing an additional 450,797 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Msci by 167.5% in the 1st quarter. Legal & General Group Plc now owns 425,588 shares of the technology company’s stock valued at $63,613,000 after purchasing an additional 266,468 shares during the last quarter. 91.21% of the stock is owned by institutional investors and hedge funds.
Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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