MSCI Inc (MSCI) Given Average Rating of “Buy” by Analysts
Shares of MSCI Inc (NYSE:MSCI) have been given an average recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $129.60.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. UBS boosted their price target on shares of MSCI from $125.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Morgan Stanley boosted their price target on shares of MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Credit Suisse Group boosted their price target on shares of MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $126.00 target price on shares of MSCI in a report on Thursday, November 2nd.
Shares of MSCI (MSCI) opened at $127.71 on Monday. The company has a market cap of $11,502.69, a price-to-earnings ratio of 35.08, a P/E/G ratio of 3.34 and a beta of 0.89. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI has a 1-year low of $77.75 and a 1-year high of $130.58.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 16th. MSCI’s payout ratio is 45.37%.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.26% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in MSCI. Penserra Capital Management LLC acquired a new position in shares of MSCI during the 2nd quarter valued at about $101,000. Dupont Capital Management Corp acquired a new position in shares of MSCI during the 3rd quarter valued at about $105,000. Toronto Dominion Bank boosted 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 acquiring an additional 134 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of MSCI during the 3rd quarter valued at about $201,000. Finally, Advisor Partners LLC acquired a new position in shares of MSCI during the 2nd quarter valued at about $211,000. 92.83% of the stock is owned by institutional investors and hedge funds.
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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