MSCI Inc (NYSE:MSCI) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,024,992 shares, an increase of 61.8% from the November 30th total of 633,594 shares. Based on an average daily volume of 495,516 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.2% of the company’s shares are short sold.
Several hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in MSCI in the third quarter valued at approximately $105,000. Toronto Dominion Bank raised its position in 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 period. Tocqueville Asset Management L.P. purchased a new stake in MSCI in the third quarter valued at approximately $201,000. Fishman Jay A Ltd. MI purchased a new stake in MSCI in the third quarter valued at approximately $219,000. Finally, Vident Investment Advisory LLC purchased a new stake in MSCI in the third quarter valued at approximately $229,000. 92.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MSCI (NYSE:MSCI) opened at $135.89 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI has a twelve month low of $80.38 and a twelve month high of $136.93. The stock has a market capitalization of $12,239.46, a PE ratio of 40.56, a P/E/G ratio of 2.87 and a beta of 0.89.
Several analysts have recently commented on MSCI shares. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Thursday, January 4th. UBS Group raised their target price on MSCI from $125.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $126.00 price target on shares of MSCI in a research report on Thursday, November 2nd. Morgan Stanley increased their price target on MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, BidaskClub downgraded MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. MSCI currently has an average rating of “Buy” and a consensus target price of $136.00.
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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