Msci (NYSE:MSCI) had its price target trimmed by BMO Capital Markets from $180.00 to $178.00 in a report issued on Monday morning. The brokerage currently has a buy rating on the technology company’s stock.
A number of other analysts have also weighed in on MSCI. Morgan Stanley upped their price target on shares of Msci from $160.00 to $168.00 and gave the stock a $171.53 rating in a research note on Wednesday, July 18th. Cantor Fitzgerald upped their price target on shares of Msci to $192.00 and gave the stock an overweight rating in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Msci from a sell rating to a hold rating in a research note on Tuesday, August 7th. Finally, Barclays reaffirmed a hold rating and issued a $175.00 price target on shares of Msci in a research note on Sunday, August 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $175.29.
Shares of NYSE:MSCI opened at $152.01 on Monday. The company has a market capitalization of $13.01 billion, a PE ratio of 38.19, a P/E/G ratio of 2.81 and a beta of 1.09. Msci has a twelve month low of $123.80 and a twelve month high of $184.22. The company has a quick ratio of 2.65, a current ratio of 2.75 and a debt-to-equity ratio of 6.80.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.06. The company had revenue of $357.90 million during the quarter, compared to analyst estimates of $359.91 million. Msci had a net margin of 29.87% and a return on equity of 121.45%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. Equities analysts forecast that Msci will post 5.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.58 dividend. The ex-dividend date is Thursday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.53%. Msci’s payout ratio is currently 58.29%.
Several hedge funds have recently added to or reduced their stakes in MSCI. Flagship Harbor Advisors LLC acquired a new stake in shares of Msci during the second quarter valued at approximately $114,000. Smithfield Trust Co. raised its holdings in shares of Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after acquiring an additional 772 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Msci by 8,437.5% during the second quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock valued at $135,000 after acquiring an additional 69,947 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Msci by 113.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock valued at $142,000 after acquiring an additional 426 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Msci during the third quarter valued at approximately $147,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
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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