MSCI Inc (MSCI) Given Average Recommendation of “Buy” by Brokerages
MSCI Inc (NYSE:MSCI) has received a consensus rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $111.50.
Several equities analysts recently issued reports on MSCI shares. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Cantor Fitzgerald reissued a “buy” rating and issued a $100.00 target price on shares of MSCI in a research report on Friday, May 5th. 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. Credit Suisse Group lowered 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 Friday, May 5th. Finally, Morgan Stanley upped their price target on shares of MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, May 8th.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $103.44, for a total value of $215,465.52. Following the sale, the chief operating officer now directly owns 180,349 shares of the company’s stock, valued at $18,655,300.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.26% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new stake in MSCI during the second quarter valued at approximately $101,000. Van ECK Associates Corp raised its stake in MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Pacer Advisors Inc. raised its stake in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. Finally, Advisor Partners LLC purchased a new stake in MSCI during the second quarter valued at about $211,000. 95.18% of the stock is currently owned by institutional investors.
MSCI (MSCI) opened at 111.20 on Tuesday. The stock has a market capitalization of $10.06 billion, a P/E ratio of 38.33 and a beta of 1.04. MSCI has a 1-year low of $76.52 and a 1-year high of $111.92. The stock has a 50 day moving average price of $105.87 and a 200-day moving average price of $98.31.
MSCI (NYSE:MSCI) last released its 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. MSCI had a return on equity of 82.82% and a net margin of 24.01%. The firm had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Equities research analysts expect that MSCI will post $3.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.37%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s dividend payout ratio is presently 36.13%.
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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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