Shares of MSCI Inc (NYSE:MSCI – Get Free Report) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eleven investment 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 target among brokers that have covered the stock in the last year is $709.50.
A number of research analysts recently commented on the company. Barclays upped their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Raymond James Financial boosted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America increased their price objective on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th.
Get Our Latest Stock Analysis on MSCI
MSCI Price Performance
MSCI (NYSE:MSCI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same quarter last year, the business earned $4.17 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts expect that MSCI will post 19.61 EPS for the current year.
MSCI Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. MSCI’s dividend payout ratio (DPR) is presently 44.86%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of MSCI. QRG Capital Management Inc. increased its stake in shares of MSCI by 13.1% in the 2nd quarter. QRG Capital Management Inc. now owns 2,007 shares of the technology company’s stock valued at $1,124,000 after buying an additional 233 shares during the period. Andra AP fonden lifted its stake in shares of MSCI by 477.6% during the second quarter. Andra AP fonden now owns 15,480 shares of the technology company’s stock valued at $8,669,000 after acquiring an additional 12,800 shares during the period. Junto Capital Management LP lifted its stake in shares of MSCI by 128.9% during the second quarter. Junto Capital Management LP now owns 214,134 shares of the technology company’s stock valued at $119,924,000 after acquiring an additional 120,584 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in MSCI by 4.1% in the second quarter. Sequoia Financial Advisors LLC now owns 2,835 shares of the technology company’s stock valued at $1,588,000 after acquiring an additional 111 shares during the last quarter. Finally, Van Hulzen Asset Management LLC bought a new position in MSCI in the second quarter valued at about $5,291,000. 89.97% of the stock is owned by institutional investors and hedge funds.
About MSCI
MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks, wealth managers and other financial professionals. The company is best known for its equity, fixed-income and multi-asset-class indexes, which are used as benchmarks and as the basis for investment products such as exchange-traded funds and other index-linked strategies.
In addition to indexes, MSCI provides portfolio analytics, risk-management and performance-measurement tools designed to help clients evaluate exposures, construct portfolios and manage investment risks.
See Also
- Five stocks we like better than MSCI
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.
