Msci (NYSE:MSCI) had its target price boosted by stock analysts at Cantor Fitzgerald from $188.00 to $247.00 in a research note issued on Friday, The Fly reports. Cantor Fitzgerald’s price target points to a potential upside of 8.84% from the stock’s current price.
Several other equities analysts have also commented on MSCI. Morgan Stanley set a $184.00 price target on shares of Msci and gave the stock a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of Msci from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. BMO Capital Markets set a $190.00 price target on shares of Msci and gave the stock a “buy” rating in a research report on Saturday, February 2nd. UBS Group upped their price target on shares of Msci to $234.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Macquarie set a $188.00 price target on shares of Msci and gave the stock a “hold” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Msci presently has a consensus rating of “Buy” and a consensus target price of $205.67.
MSCI stock traded up $5.64 during trading on Friday, hitting $226.93. 519,383 shares of the company’s stock traded hands, compared to its average volume of 576,499. 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 has a 52 week low of $134.28 and a 52 week high of $227.41. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.67 and a beta of 1.19.
Msci (NYSE:MSCI) last released its earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.15. Msci had a net margin of 39.27% and a return on equity of 264.27%. The firm had revenue of $371.38 million during the quarter, compared to analyst estimates of $371.48 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts expect that Msci will post 6.23 EPS for the current fiscal year.
In other news, insider Scott A. Crum sold 19,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were 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 in the company, valued at $16,988,404.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Msci by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock valued at $945,540,000 after acquiring an additional 34,795 shares during the last quarter. American Century Companies Inc. lifted its stake in Msci by 2.5% during the fourth quarter. American Century Companies Inc. now owns 1,615,249 shares of the technology company’s stock valued at $238,136,000 after buying an additional 39,480 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Msci by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock valued at $228,480,000 after buying an additional 103,911 shares in the last quarter. DSM Capital Partners LLC lifted its stake in Msci by 24.6% during the fourth quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock valued at $184,593,000 after buying an additional 247,304 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Msci by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,158,543 shares of the technology company’s stock valued at $170,508,000 after buying an additional 30,881 shares in the last quarter. Hedge funds and other institutional investors own 93.73% 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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