MSCI Inc (NYSE:MSCI) Receives Consensus Recommendation of “Buy” from Brokerages

MSCI Inc (NYSE:MSCI) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $709.50.

A number of research firms recently commented on MSCI. Bank of America upped their price objective on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Evercore set a $722.00 price target on MSCI in a report on Wednesday, July 22nd. UBS Group set a $615.00 price target on MSCI in a research report on Wednesday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company lowered their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd.

Trending Headlines about MSCI

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: MSCI said CFO Andy Wiechmann will participate in a fireside chat at the Barclays Annual Global Financial Services Conference on September 14. The event gives investors an opportunity to hear about industry conditions, demand for MSCI’s indexes and analytics, and potential business trends. No new financial information was provided. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Positive Sentiment: Recent reports of record MSCI-linked trading in India highlight the scale of institutional activity associated with MSCI index rebalancings. BNP Paribas reportedly handled about $1.9 billion of roughly $4.2 billion in related trades, underscoring MSCI’s relevance to global asset managers and the continuing demand for index products. The trading volume itself is not direct revenue for MSCI. BNP Paribas said to handle half of India’s record MSCI trades
• Neutral Sentiment: MSCI will remove Swiggy from its Global Standard Indexes effective September 7 after foreign-ownership constraints affected the stock’s investability. The change could cause more than $350 million in passive fund outflows from Swiggy, but it is primarily a routine index-maintenance decision and has limited direct financial impact on MSCI. MSCI to drop Swiggy from global indices on September 7

Institutional Investors Weigh In On MSCI

Large investors have recently bought and sold shares of the business. Ancora Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI in the 4th quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in shares of MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the 2nd quarter valued at approximately $34,000. Finally, SHP Wealth Management bought a new position in MSCI during the fourth quarter valued at $36,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock opened at $574.82 on Friday. The company has a market capitalization of $41.79 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. The company’s 50-day moving average is $579.21 and its 200 day moving average is $574.60. MSCI has a one year low of $501.08 and a one year high of $644.77.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.17 earnings per share. As a group, research analysts predict that MSCI will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $2.05 per share. The ex-dividend date was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

About MSCI

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.