Shares of MSCI Inc (NYSE:MSCI) have earned an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $136.00.
Several research firms have weighed in on MSCI. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Thursday. Barclays reiterated a “hold” rating and issued a $135.00 target price on shares of MSCI in a report on Tuesday, December 19th. UBS Group raised their price objective on shares of MSCI from $125.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Morgan Stanley raised their price objective on shares of MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group raised their price objective on shares of MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.
Shares of MSCI (NYSE:MSCI) opened at $131.66 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The firm has a market cap of $11,674.72, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.81 and a beta of 0.89. MSCI has a twelve month low of $79.89 and a twelve month high of $132.49.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $322.10 million for the quarter, compared to analyst estimates of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 106.15%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. sell-side analysts anticipate that MSCI will post 3.82 EPS for the current year.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.26% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in MSCI by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock valued at $900,330,000 after purchasing an additional 121,542 shares in the last quarter. Janus Henderson Group PLC grew its position in MSCI by 41,366.8% in the second quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after purchasing an additional 3,785,473 shares in the last quarter. Fiera Capital Corp grew its position in MSCI by 11.1% in the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after purchasing an additional 375,333 shares in the last quarter. Findlay Park Partners LLP grew its position in MSCI by 89.3% in the second quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock valued at $173,589,000 after purchasing an additional 795,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in MSCI by 12.7% in the second quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock valued at $118,165,000 after purchasing an additional 129,131 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
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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