UBS AG Raises MSCI Inc (MSCI) Price Target to $141.00
MSCI Inc (NYSE:MSCI) had its price target increased by UBS AG from $125.00 to $141.00 in a report issued on Friday, www.benzinga.com reports. UBS AG currently has a buy rating on the technology company’s stock.
A number of other analysts have also weighed in on MSCI. Zacks Investment Research upgraded shares of MSCI from a hold rating to a buy rating and set a $115.00 price objective for the company in a research note on Thursday, July 6th. BidaskClub upgraded shares of MSCI from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Barclays PLC initiated coverage on shares of MSCI in a research note on Tuesday, July 18th. They set an equal weight rating and a $110.00 price objective for the company. Morgan Stanley reaffirmed an equal weight rating and set a $97.00 price target (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $126.00 price target on shares of MSCI in a report on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $127.17.
Shares of MSCI (NYSE MSCI) traded up $0.74 during trading on Friday, hitting $126.78. 56,991 shares of the company traded hands, compared to its average volume of 476,553. The company has a debt-to-equity ratio of 6.76, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $11,352.28, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 3.30 and a beta of 0.86. MSCI has a 52 week low of $76.52 and a 52 week high of $127.23.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $322.10 million during the quarter, compared to analyst estimates of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 111.36%. MSCI’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. equities analysts anticipate that MSCI will post 3.82 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, November 16th. MSCI’s payout ratio is 45.37%.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.26% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its holdings in shares of MSCI by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after buying an additional 8 shares during the last quarter. Alps Advisors Inc. raised its stake in MSCI by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock worth $512,000 after acquiring an additional 13 shares during the period. Public Employees Retirement Association of Colorado raised its stake in MSCI by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 64 shares during the period. Toronto Dominion Bank raised its stake in 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. Finally, Douglass Winthrop Advisors LLC raised its stake in MSCI by 7.1% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 2,418 shares of the technology company’s stock worth $249,000 after acquiring an additional 160 shares during the period. 95.63% of the stock is currently owned by institutional investors.
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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