Shares of MSCI Inc. (NYSE:MSCI – Get Rating) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $558.57.
A number of analysts have weighed in on MSCI shares. Royal Bank of Canada cut their target price on shares of MSCI from $720.00 to $600.00 in a research report on Friday, April 22nd. StockNews.com began coverage on MSCI in a report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James raised MSCI from a “market perform” rating to an “outperform” rating and set a $515.00 target price for the company in a report on Thursday, April 28th. The Goldman Sachs Group started coverage on MSCI in a research note on Friday, April 1st. They set a “neutral” rating and a $553.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th.
A number of institutional investors have recently added to or reduced their stakes in the business. Mitchell & Pahl Private Wealth LLC increased its position in shares of MSCI by 19.6% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 847 shares of the technology company’s stock worth $519,000 after buying an additional 139 shares during the period. CIBC World Markets Inc. grew its holdings in MSCI by 3.2% during the 4th quarter. CIBC World Markets Inc. now owns 1,727 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 53 shares during the period. Twinbeech Capital LP acquired a new stake in MSCI during the 3rd quarter worth about $3,590,000. O Shaughnessy Asset Management LLC raised its position in shares of MSCI by 40.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,077 shares of the technology company’s stock worth $1,273,000 after acquiring an additional 596 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of MSCI by 38.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 89,791 shares of the technology company’s stock valued at $55,014,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.
MSCI (NYSE:MSCI – Get Rating) last issued its earnings results on Tuesday, April 26th. The technology company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.74 by $0.24. MSCI had a negative return on equity of 205.88% and a net margin of 35.65%. The firm had revenue of $559.90 million during the quarter, compared to the consensus estimate of $563.18 million. During the same quarter in the previous year, the firm earned $2.46 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts anticipate that MSCI will post 11.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Friday, May 13th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, May 12th. MSCI’s payout ratio is presently 45.61%.
MSCI Company Profile (Get Rating)
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
- Get a free copy of the StockNews.com research report on MSCI (MSCI)
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