MSCI Inc (MSCI) Price Target Raised to $129.00 at Morgan Stanley
MSCI Inc (NYSE:MSCI) had its price target raised by research analysts at Morgan Stanley from $125.00 to $129.00 in a research note issued on Monday. The firm currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 5.74% from the stock’s current price.
Several other brokerages have also recently commented on MSCI. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Barclays PLC started coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. UBS AG boosted their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. MSCI has a consensus rating of “Buy” and an average price target of $112.17.
MSCI (MSCI) traded down 0.19% on Monday, reaching $121.77. The company had a trading volume of 19,080 shares. The stock has a market capitalization of $10.97 billion, a PE ratio of 39.43 and a beta of 1.03. MSCI has a 12-month low of $76.52 and a 12-month high of $124.51. The stock’s 50 day moving average price is $117.70 and its 200-day moving average price is $107.54.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The business 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 87.11%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. Equities analysts expect that MSCI will post $3.80 earnings per share for the current fiscal year.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 6,249 shares of company stock worth $724,009 over the last 90 days. Corporate insiders own 2.26% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of MSCI during the 2nd quarter valued at about $101,000. Toronto Dominion Bank raised its position in shares of MSCI by 13.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after buying an additional 134 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of MSCI by 115.0% during the 1st 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 in the last quarter. Copper Rock Capital Partners LLC raised its position in shares of MSCI by 309.1% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of MSCI during the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 94.45% 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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