MSCI Inc (MSCI) PT Raised to $141.00 at Credit Suisse Group
MSCI Inc (NYSE:MSCI) had its price objective boosted by equities researchers at Credit Suisse Group from $120.00 to $141.00 in a report released on Friday. The firm presently has an “outperform” rating on the technology company’s stock. Credit Suisse Group’s price objective points to a potential upside of 11.87% from the stock’s previous close.
A number of other research firms have also issued reports on MSCI. Morgan Stanley raised their price target on MSCI from $125.00 to $129.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $126.00 price target on shares of MSCI in a report on Thursday. BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. UBS AG raised their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Barclays PLC began coverage on shares of MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $127.17.
MSCI (NYSE:MSCI) traded up $0.62 during midday trading on Friday, hitting $126.04. The company had a trading volume of 571,388 shares, compared to its average volume of 466,947. 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 has a 52-week low of $76.52 and a 52-week high of $127.23. 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 (NYSE:MSCI) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The firm had revenue of $322.10 million for the quarter, compared to analyst estimates of $322.96 million. During the same quarter last year, the company posted $0.77 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. equities analysts forecast that MSCI will post 3.82 EPS for the current year.
In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Tuesday, September 5th. The shares were 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 directly owns 176,183 shares in the company, valued at approximately $20,289,234.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 6,249 shares of company stock valued at $724,009. Insiders own 2.26% of the company’s stock.
Several hedge funds have recently bought and sold shares of MSCI. OppenheimerFunds Inc. lifted its position in shares of MSCI by 0.3% during 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 period. Dimensional Fund Advisors LP lifted its position in shares of MSCI by 0.6% during 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 period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of MSCI by 115.0% during 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 period. Copper Rock Capital Partners LLC lifted its position in shares of MSCI by 309.1% during 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 period. Finally, Xact Kapitalforvaltning AB lifted its position in shares of MSCI by 1.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 23,059 shares of the technology company’s stock valued at $2,375,000 after acquiring an additional 230 shares during the period. Institutional investors own 94.82% of the company’s stock.
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.
Receive News & Ratings for MSCI Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.