MSCI Inc (NYSE:MSCI) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, July 13th.
Other equities analysts have also recently issued reports about the stock. UBS AG reissued a “buy” rating and set a $114.00 price target (up from $99.00) on shares of MSCI in a research report on Friday, May 5th. Credit Suisse Group reduced their price target on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Cantor Fitzgerald reissued a “buy” rating and set a $100.00 price target on shares of MSCI in a research report on Friday, May 5th. Morgan Stanley lifted their price target on shares of MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $100.71.
MSCI (NYSE:MSCI) traded up 0.70% on Thursday, hitting $108.15. The stock had a trading volume of 148,606 shares. MSCI has a 12-month low of $76.52 and a 12-month high of $109.29. The firm has a market cap of $9.78 billion, a PE ratio of 37.28 and a beta of 1.03. The company’s 50 day moving average is $104.59 and its 200 day moving average is $96.56.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The company had revenue of $301.21 million for the quarter, compared to analysts’ expectations of $303.88 million. MSCI had a net margin of 23.31% and a return on equity of 72.33%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, equities research analysts expect that MSCI will post $3.65 EPS for the current fiscal year.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $103.97, for a total transaction of $216,569.51. Following the completion of the sale, the chief operating officer now owns 182,432 shares of the company’s stock, valued at approximately $18,967,455.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 6,249 shares of company stock valued at $639,439. 2.26% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in MSCI. BlackRock Inc. boosted its position in shares of MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after buying an additional 8,068,258 shares during the period. Norges Bank acquired a new position in shares of MSCI during the fourth quarter valued at about $70,214,000. Findlay Park Partners LLP boosted its position in shares of MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock valued at $86,547,000 after buying an additional 679,729 shares during the period. Renaissance Technologies LLC boosted its position in shares of MSCI by 675.7% in the first quarter. Renaissance Technologies LLC now owns 246,821 shares of the technology company’s stock valued at $23,989,000 after buying an additional 215,000 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after buying an additional 174,154 shares during the period. Hedge funds and other institutional investors own 94.86% 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.
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