MSCI (NYSE:MSCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, January 4th. The brokerage currently has a $143.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 6.92% from the company’s previous close.
According to Zacks, “MSCI Inc. is an independent provider of research-driven insights and tools for institutional investors. They have deep expertise in the areas of risk and performance measurement that is based on more than 40 years of academic research, real-world experience and collaboration with their clients. Their broad product line supports clients’ needs across all major asset classes and provides them with a consistent way of looking at risk and performance from front to middle office. They have a highly flexible business model that enables clients to select the individual products and services they need and integrate them into their own investment processes and methodologies. “
Other equities analysts have also issued research reports about the company. UBS Group lifted their target price on MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $126.00 target price on shares of MSCI in a research note on Thursday, November 2nd. BidaskClub lowered MSCI from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley boosted their price target on MSCI from $125.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Barclays restated a “hold” rating and set a $135.00 price target on shares of MSCI in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $136.00.
Shares of MSCI (NYSE:MSCI) opened at $133.75 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI has a fifty-two week low of $79.89 and a fifty-two week high of $134.33. The stock has a market cap of $12,050.00, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. MSCI’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. equities research analysts anticipate that MSCI will post 3.82 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of MSCI by 1.4% during the second quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock worth $900,330,000 after purchasing an additional 121,542 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of MSCI by 41,366.8% during the second quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock worth $390,808,000 after purchasing an additional 3,785,473 shares in the last quarter. Fiera Capital Corp increased its position in shares of MSCI by 11.1% during the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock worth $386,228,000 after purchasing an additional 375,333 shares in the last quarter. Findlay Park Partners LLP increased its position in shares of MSCI by 89.3% during the second quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock worth $173,589,000 after purchasing an additional 795,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of MSCI by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock worth $118,165,000 after purchasing an additional 129,131 shares in the last quarter. 92.61% of the stock is owned by institutional investors.
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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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