Barclays upgraded shares of Msci (NYSE:MSCI) from an equal weight rating to an overweight rating in a research report report published on Friday, Marketbeat.com reports. They currently have $175.00 price objective on the technology company’s stock, up from their prior price objective of $165.00.
A number of other brokerages have also commented on MSCI. Zacks Investment Research reaffirmed a hold rating on shares of Msci in a report on Wednesday, November 14th. BMO Capital Markets decreased their price objective on Msci from $180.00 to $178.00 and set a buy rating on the stock in a report on Monday, November 5th. Finally, Morgan Stanley set a $172.00 price objective on Msci and gave the company a hold rating in a report on Monday, October 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $176.71.
Shares of MSCI stock traded down $2.57 during trading on Friday, reaching $149.75. 831,933 shares of the company’s stock were exchanged, compared to its average volume of 744,574. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 6.80. The firm has a market capitalization of $13.41 billion, a PE ratio of 37.63, a PEG ratio of 2.89 and a beta of 1.07. Msci has a twelve month low of $124.08 and a twelve month high of $184.22.
Msci (NYSE:MSCI) last posted its 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 business had revenue of $357.90 million for the quarter, compared to analyst estimates of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. As a group, sell-side analysts predict that Msci will post 5.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, November 15th. Msci’s dividend payout ratio is 58.29%.
A number of hedge funds and other institutional investors have recently modified their holdings of MSCI. FMR LLC lifted its position in shares of Msci by 12.6% during the 2nd quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock valued at $1,441,701,000 after acquiring an additional 976,018 shares during the period. Janus Henderson Group PLC lifted its position in shares of Msci by 2.8% during the 3rd quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock valued at $484,216,000 after acquiring an additional 73,505 shares during the period. American Century Companies Inc. lifted its position in shares of Msci by 67.8% during the 2nd quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock valued at $287,512,000 after acquiring an additional 702,241 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Msci by 35.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,445,840 shares of the technology company’s stock valued at $256,507,000 after acquiring an additional 377,801 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Msci by 43.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock valued at $224,540,000 after acquiring an additional 382,115 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
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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