Msci Inc (NYSE:MSCI) has been given a consensus rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $153.33.
MSCI has been the subject of several recent analyst reports. Cantor Fitzgerald lifted their price target on Msci to $163.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. UBS restated a “buy” rating and issued a $177.00 price target (down previously from $180.00) on shares of Msci in a research note on Friday, March 2nd. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research note on Thursday, January 4th. Barclays restated a “hold” rating and issued a $135.00 price target on shares of Msci in a research note on Tuesday, December 19th. Finally, Morgan Stanley lifted their price target on Msci from $135.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st.
Hedge funds have recently bought and sold shares of the stock. Invictus RG boosted its holdings in Msci by 307.9% in the 3rd quarter. Invictus RG now owns 6,792 shares of the technology company’s stock worth $794,000 after buying an additional 5,127 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Msci by 27.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 700,056 shares of the technology company’s stock worth $81,837,000 after buying an additional 152,644 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Msci by 8.6% in the 3rd quarter. Wells Fargo & Company MN now owns 246,112 shares of the technology company’s stock worth $28,771,000 after buying an additional 19,559 shares during the last quarter. KBC Group NV boosted its holdings in Msci by 25.3% in the 3rd quarter. KBC Group NV now owns 120,087 shares of the technology company’s stock worth $14,038,000 after buying an additional 24,231 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Msci by 4.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 152,300 shares of the technology company’s stock worth $17,804,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 92.10% of the company’s stock.
MSCI stock opened at $158.08 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 5.18. Msci has a 52 week low of $95.01 and a 52 week high of $158.54. The firm has a market capitalization of $13,939.56, a PE ratio of 47.61, a P/E/G ratio of 2.87 and a beta of 0.87.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.16. Msci had a return on equity of 108.68% and a net margin of 23.86%. The firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $333.68 million. During the same quarter in the previous year, the business earned $0.81 EPS. Msci’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts forecast that Msci will post 5.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 16th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, February 15th. Msci’s payout ratio is 45.78%.
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Msci Company Profile
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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