MSCI Inc (MSCI) Receives $111.50 Consensus Price Target from Brokerages
Shares of MSCI Inc (NYSE:MSCI) have received an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $111.50.
Several research analysts have recently commented on the company. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $97.00 price objective (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. UBS AG lifted their price objective on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC assumed coverage on MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective on the stock. Finally, Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Thursday, July 6th.
Shares of MSCI (NYSE:MSCI) traded down 0.06% during midday trading on Wednesday, hitting $116.90. The stock had a trading volume of 503,546 shares. MSCI has a 1-year low of $76.52 and a 1-year high of $118.59. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 37.86 and a beta of 1.03. The firm’s 50-day moving average price is $112.24 and its 200-day moving average price is $103.84.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Analysts forecast that MSCI will post $3.80 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from MSCI’s previous quarterly dividend of $0.28. MSCI’s payout ratio is currently 49.03%.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the transaction, the chief operating officer now owns 176,183 shares in the company, valued at approximately $20,289,234.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 6,249 shares of company stock worth $686,890 in the last quarter. Company insiders own 2.26% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new position in shares of MSCI during the 2nd quarter worth approximately $101,000. Toronto Dominion Bank grew its holdings in shares of MSCI by 13.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after acquiring an additional 134 shares during the period. Van ECK Associates Corp grew its holdings in shares of MSCI by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after acquiring an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings 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 worth $146,000 after acquiring an additional 805 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of MSCI by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.
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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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