MSCI Inc (NYSE:MSCI) Receives $699.73 Average PT from Brokerages

MSCI Inc (NYSE:MSCI) has earned a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $709.2727.

A number of brokerages recently weighed in on MSCI. Morgan Stanley lifted their price objective on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research report on Thursday, June 18th. Wells Fargo & Company raised shares of MSCI from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $650.00 to $700.00 in a research note on Wednesday, May 27th. Barclays boosted their price target on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th.

Insider Transactions at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the transaction, the insider directly owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.76% of the company’s stock.

Institutional Trading of MSCI

Several institutional investors have recently modified their holdings of the company. Alken Asset Management Ltd boosted its stake in MSCI by 9.1% during the second quarter. Alken Asset Management Ltd now owns 1,200 shares of the technology company’s stock valued at $670,000 after buying an additional 100 shares in the last quarter. World Equity Group Inc. lifted its holdings in MSCI by 79.7% in the 2nd quarter. World Equity Group Inc. now owns 902 shares of the technology company’s stock valued at $505,000 after acquiring an additional 400 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in MSCI in the 2nd quarter valued at about $450,000. Valeo Financial Advisors LLC bought a new position in shares of MSCI during the 2nd quarter valued at about $258,000. Finally, Trust Point Inc. bought a new position in shares of MSCI during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $621.92 on Thursday. MSCI has a 12-month low of $501.08 and a 12-month high of $644.68. The firm has a market capitalization of $45.28 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. The business has a 50 day simple moving average of $595.02 and a 200 day simple moving average of $576.17.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.17. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The firm had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the previous year, the business earned $4.00 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that MSCI will post 19.84 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 15th. MSCI’s dividend payout ratio is 46.83%.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.