MSCI Inc (NYSE:MSCI) Price Target Raised to $125.00
MSCI Inc (NYSE:MSCI) had its target price boosted by analysts at Morgan Stanley from $97.00 to $125.00 in a report issued on Monday. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s target price would suggest a potential upside of 12.44% from the company’s previous close.
Several other research firms have also recently issued reports on MSCI. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $100.00 price target on shares of MSCI in a report on Friday, May 5th. Credit Suisse Group cut their price target on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Zacks Investment Research cut shares of MSCI from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, UBS AG reaffirmed a “buy” rating and issued a $114.00 price target (up from $99.00) on shares of MSCI in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $106.29.
MSCI (NYSE:MSCI) traded up 0.34% on Monday, hitting $111.55. 313,639 shares of the company were exchanged. The firm has a 50 day moving average of $105.87 and a 200-day moving average of $98.31. MSCI has a 52-week low of $76.52 and a 52-week high of $111.92. The stock has a market cap of $10.09 billion, a PE ratio of 38.45 and a beta of 1.04.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 82.82%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. On average, equities analysts expect that MSCI will post $3.76 earnings per share for the current fiscal year.
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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $103.97, for a total transaction of $216,569.51. Following the sale, the chief operating officer now directly owns 182,432 shares of the company’s stock, valued at $18,967,455.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.26% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. 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 period. 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 period. Morgan Stanley boosted its stake in shares of MSCI by 5.0% in the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock worth $326,631,000 after buying an additional 160,690 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of MSCI by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock worth $111,219,000 after buying an additional 73,287 shares during the period. Finally, Findlay Park Partners LLP boosted its stake in shares of MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock worth $86,547,000 after buying an additional 679,729 shares during the period. 95.18% of the stock is currently owned by institutional investors.
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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