MSCI Inc (MSCI) Receives “Equal Weight” Rating from Morgan Stanley
MSCI Inc (NYSE:MSCI)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a note issued to investors on Tuesday. They currently have a $97.00 target price on the technology company’s stock, down from their previous target price of $98.00. Morgan Stanley’s target price would indicate a potential downside of 9.33% from the company’s current price.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Wednesday, March 22nd. Cantor Fitzgerald reiterated a “buy” rating and set a $100.00 price objective on shares of MSCI in a research report on Monday, May 15th. UBS AG reiterated a “buy” rating and set a $114.00 price objective (up previously from $99.00) on shares of MSCI in a research report on Friday, May 5th. BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Barclays PLC initiated coverage on MSCI in a research report on Tuesday. They set an “equal weight” rating and a $110.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $100.71.
Shares of MSCI (MSCI) traded up 0.14% during midday trading on Tuesday, hitting $107.13. 196,152 shares of the company were exchanged. The company has a 50-day moving average price of $102.24 and a 200-day moving average price of $93.98. MSCI has a 52-week low of $76.52 and a 52-week high of $109.29. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 36.93 and a beta of 1.03.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $301.21 million during the quarter, compared to analysts’ expectations of $303.88 million. MSCI had a return on equity of 72.33% and a net margin of 23.31%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, analysts forecast that MSCI will post $3.65 EPS for the current year.
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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $103.97, for a total value of $216,569.51. Following the completion of the sale, the chief operating officer now owns 182,432 shares in the company, valued at approximately $18,967,455.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 6,249 shares of company stock valued at $639,439 in the last 90 days. 2.26% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of MSCI. Price T Rowe Associates Inc. MD boosted its stake in shares of MSCI by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,698,882 shares of the technology company’s stock worth $771,710,000 after buying an additional 728,764 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $837,814,000 after buying an additional 174,154 shares during the last quarter. BlackRock Inc. boosted its stake 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 worth $798,929,000 after buying an additional 8,068,258 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of MSCI by 6.2% in the fourth quarter. Janus Capital Management LLC now owns 4,573,858 shares of the technology company’s stock worth $360,329,000 after buying an additional 266,322 shares during the last quarter. Finally, Janus Capital Management boosted its stake in shares of MSCI by 2.0% in the third quarter. Janus Capital Management now owns 3,887,084 shares of the technology company’s stock worth $231,126,000 after buying an additional 77,353 shares during the last quarter. 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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