Msci (MSCI) Receives Buy Rating from Barclays

Msci (NYSE:MSCI)‘s stock had its “buy” rating restated by Barclays in a report issued on Sunday, AnalystRatings.com reports. They presently have a $240.00 price target on the technology company’s stock. Barclays‘s target price would indicate a potential upside of 4.52% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Cantor Fitzgerald lifted their price target on Msci from $188.00 to $247.00 in a report on Friday. UBS Group lifted their price target on Msci to $234.00 and gave the company a “buy” rating in a report on Monday, April 8th. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a report on Wednesday, March 13th. Macquarie set a $188.00 price target on Msci and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Morgan Stanley set a $184.00 price target on Msci and gave the company a “hold” rating in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Msci presently has a consensus rating of “Buy” and a consensus target price of $209.22.

Shares of NYSE MSCI opened at $229.63 on Friday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 42.92, a P/E/G ratio of 3.67 and a beta of 1.19. Msci has a 52-week low of $134.28 and a 52-week high of $230.43. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77.

Msci (NYSE:MSCI) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. The company had revenue of $371.38 million during the quarter, compared to analysts’ expectations of $371.48 million. Msci had a return on equity of 264.27% and a net margin of 39.27%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.31 earnings per share. As a group, sell-side analysts predict that Msci will post 6.23 earnings per share for the current year.

In related news, insider Scott A. Crum sold 19,000 shares of Msci stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the sale, the insider now directly owns 96,999 shares in the company, valued at $16,988,404.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James & Associates increased its position in Msci by 12.9% in the first quarter. Raymond James & Associates now owns 65,768 shares of the technology company’s stock worth $13,078,000 after purchasing an additional 7,508 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Msci in the first quarter worth about $457,000. Everence Capital Management Inc. acquired a new stake in Msci in the first quarter worth about $357,000. CIBC Asset Management Inc increased its position in Msci by 3.2% in the first quarter. CIBC Asset Management Inc now owns 26,425 shares of the technology company’s stock worth $5,254,000 after purchasing an additional 827 shares during the period. Finally, Toronto Dominion Bank increased its position in Msci by 13.8% in the first quarter. Toronto Dominion Bank now owns 55,472 shares of the technology company’s stock worth $11,027,000 after purchasing an additional 6,710 shares during the period. Hedge funds and other institutional investors own 93.73% of the company’s stock.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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Analyst Recommendations for Msci (NYSE:MSCI)

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