MSCI Inc (MSCI) PT Raised to $141.00 at Credit Suisse Group

MSCI Inc (NYSE:MSCI) had its price objective boosted by investment analysts at Credit Suisse Group from $120.00 to $141.00 in a research note issued to investors on Friday, November 3rd. The brokerage currently has an “outperform” rating on the technology company’s stock. Credit Suisse Group’s target price indicates a potential upside of 10.59% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Morgan Stanley reiterated an “equal weight” rating and set a $97.00 price objective (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. UBS AG increased their price objective on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC assumed coverage on MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective for the company. Finally, Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $127.17.

Shares of MSCI (MSCI) remained flat at $$127.50 during trading on Friday. The company had a trading volume of 304,574 shares, compared to its average volume of 509,945. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $11,480.00, a price-to-earnings ratio of 34.94, a PEG ratio of 3.33 and a beta of 0.86. MSCI has a 12 month low of $76.52 and a 12 month high of $128.90.

MSCI (NYSE:MSCI) last issued its quarterly earnings data 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 business had revenue of $322.10 million during the quarter, compared to analyst estimates of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. equities research analysts predict that MSCI will post 3.82 earnings per share for the current fiscal year.

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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.26% of the company’s stock.

Large investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of MSCI in the second quarter valued at about $101,000. Dupont Capital Management Corp acquired a new stake in shares of MSCI in the third quarter valued at about $105,000. Toronto Dominion Bank grew its position in shares of MSCI by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after purchasing an additional 134 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after purchasing an additional 805 shares during the last quarter. Finally, Copper Rock Capital Partners LLC grew its position in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,570 shares during the last quarter. 95.26% of the stock is currently owned by institutional investors.

About MSCI

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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