MSCI Inc (MSCI) PT Raised to $141.00 at UBS AG
MSCI Inc (NYSE:MSCI) had its price target hoisted by UBS AG from $125.00 to $141.00 in a research note issued to investors on Friday, www.benzinga.com reports. The firm presently has a “buy” rating on the technology company’s stock. UBS AG’s price target would indicate a potential upside of 11.87% from the company’s previous close.
MSCI has been the subject of a number of other research reports. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Thursday, July 6th. Cantor Fitzgerald reissued a “buy” rating and set a $126.00 target price on shares of MSCI in a report on Thursday. Morgan Stanley reissued an “equal weight” rating and set a $97.00 target price (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Barclays PLC began coverage on MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. Finally, BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. MSCI has an average rating of “Buy” and a consensus price target of $127.17.
MSCI (NYSE:MSCI) traded up $8.45 on Friday, hitting $126.04. The stock had a trading volume of 571,395 shares, compared to its average volume of 466,947. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 3.31 and a beta of 0.86. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 6.76.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The company had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. analysts predict that MSCI will post 3.79 earnings per share for the current fiscal year.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total value of $231,546.28. Following the transaction, the chief operating officer now owns 178,266 shares in the company, valued at $19,816,048.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 6,249 shares of company stock worth $724,009 in the last 90 days. 2.26% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MSCI. Penserra Capital Management LLC bought a new position in shares of MSCI in the second quarter worth $101,000. Dupont Capital Management Corp bought a new position in MSCI in the third quarter valued at about $105,000. Toronto Dominion Bank grew its position in MSCI by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after acquiring an additional 134 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position 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 acquiring an additional 805 shares during the last quarter. Finally, Copper Rock Capital Partners LLC grew its position in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after acquiring an additional 1,570 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.
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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