Barclays reiterated their buy rating on shares of Msci (NYSE:MSCI) in a research note issued to investors on Sunday, AnalystRatings.com reports. They currently have a $240.00 price target on the technology company’s stock.
A number of other research analysts also recently commented on the company. Cantor Fitzgerald boosted their price target on Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. UBS Group boosted their price target on Msci to $234.00 and gave the company a buy rating in a research note on Monday, April 8th. Zacks Investment Research raised Msci from a hold rating to a buy rating and set a $207.00 price target for the company in a research note on Wednesday, March 13th. Macquarie set a $188.00 price target on Msci and gave the company a hold rating in a research note on Friday, March 1st. Finally, Morgan Stanley set a $184.00 price target on Msci and gave the company a hold rating in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Msci currently has a consensus rating of Buy and an average price target of $209.22.
Shares of Msci stock opened at $223.83 on Friday. The stock has a market capitalization of $19.21 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of 3.64 and a beta of 1.19. Msci has a 52-week low of $134.28 and a 52-week high of $230.43. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. The business had revenue of $371.38 million during the quarter, compared to the consensus estimate of $371.48 million. Msci had a return on equity of 264.27% and a net margin of 39.27%. Msci’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, analysts anticipate that Msci will post 6.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 16th. Msci’s payout ratio is 43.36%.
In other Msci news, insider Scott A. Crum sold 19,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the completion of the transaction, the insider now owns 96,999 shares of the company’s stock, valued at $16,988,404.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC raised its stake in Msci by 252.9% during the fourth quarter. CWM LLC now owns 247 shares of the technology company’s stock worth $36,000 after acquiring an additional 177 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Msci during the fourth quarter worth about $38,000. Valeo Financial Advisors LLC raised its stake in Msci by 865.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock worth $70,000 after acquiring an additional 424 shares in the last quarter. We Are One Seven LLC acquired a new position in Msci during the fourth quarter worth about $76,000. Finally, FTB Advisors Inc. raised its stake in Msci by 37.5% during the first quarter. FTB Advisors Inc. now owns 422 shares of the technology company’s stock worth $84,000 after acquiring an additional 115 shares in the last quarter. 93.63% of the stock is owned by hedge funds and other institutional investors.
Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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