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.
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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