MSCI Inc (NYSE:MSCI) Receives Consensus Rating of “Buy” from Brokerages

MSCI Inc (NYSE:MSCIGet Free Report) has been assigned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $709.50.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Barclays increased their price target on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Evercore set a $722.00 price objective on shares of MSCI in a report on Wednesday, July 22nd.

Read Our Latest Stock Analysis on MSCI

MSCI Stock Up 0.8%

Shares of NYSE MSCI opened at $568.57 on Friday. The company has a market capitalization of $41.34 billion, a PE ratio of 31.10, a PEG ratio of 2.15 and a beta of 1.23. The stock’s 50 day moving average price is $579.73 and its 200-day moving average price is $573.15. MSCI has a twelve month low of $501.08 and a twelve month high of $644.77.

MSCI (NYSE:MSCIGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.17 earnings per share. As a group, research analysts expect that MSCI will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

Institutional Investors Weigh In On MSCI

Several large investors have recently modified their holdings of MSCI. Amundi raised its holdings in shares of MSCI by 4.1% in the 2nd quarter. Amundi now owns 359,092 shares of the technology company’s stock worth $201,106,000 after purchasing an additional 14,004 shares during the period. Wellington Grp LLC grew its holdings in MSCI by 21.7% during the second quarter. Wellington Grp LLC now owns 2,004 shares of the technology company’s stock valued at $1,122,000 after purchasing an additional 357 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in MSCI during the second quarter valued at $42,238,000. California State Teachers Retirement System increased its position in MSCI by 52,714.5% in the second quarter. California State Teachers Retirement System now owns 60,176,298 shares of the technology company’s stock worth $33,701,134,000 after buying an additional 60,062,359 shares during the last quarter. Finally, Washington Trust Advisors Inc. purchased a new stake in MSCI in the second quarter worth $41,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Company Profile

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MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.

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Analyst Recommendations for MSCI (NYSE:MSCI)

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