MSCI Inc (MSCI) Given New $130.00 Price Target at Morgan Stanley

MSCI Inc (NYSE:MSCI) had its price target lifted by Morgan Stanley from $129.00 to $130.00 in a research note published on Friday, November 3rd. The brokerage currently has an equal weight rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of MSCI from a hold rating to a buy rating and set a $115.00 target price on the stock in a research note on Thursday, July 6th. Cantor Fitzgerald restated a buy rating and set a $126.00 target price on shares of MSCI in a research note on Thursday, November 2nd. BidaskClub cut shares of MSCI from a strong-buy rating to a buy rating in a research note on Wednesday, November 1st. UBS AG increased their price objective on shares of MSCI from $115.00 to $125.00 and gave the stock a buy rating in a research note on Friday, August 4th. Finally, Barclays PLC initiated coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an equal weight rating and a $110.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $127.17.

Shares of MSCI (MSCI) remained flat at $$127.50 during mid-day trading on Friday. 304,574 shares of the stock were exchanged, compared to its average volume of 509,945. MSCI has a 1 year low of $76.52 and a 1 year high of $128.90. The company has a market capitalization of $11,480.00, a PE ratio of 34.94, a P/E/G ratio of 3.33 and a beta of 0.86. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $322.10 million for the quarter, compared to the consensus estimate of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 106.15%. MSCI’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. analysts forecast that MSCI will post 3.82 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, November 16th. MSCI’s payout ratio is 45.51%.

In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.26% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. grew its holdings in MSCI by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after buying an additional 8 shares in the last quarter. Alps Advisors Inc. grew its holdings in MSCI by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock valued at $512,000 after buying an additional 13 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in MSCI by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock valued at $1,884,000 after buying an additional 64 shares in the last quarter. Toronto Dominion Bank grew its holdings in MSCI by 13.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after buying an additional 134 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC grew its holdings in MSCI by 7.1% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 2,418 shares of the technology company’s stock valued at $249,000 after buying an additional 160 shares in the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

MSCI Company Profile

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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