Msci Inc (MSCI) Receives Consensus Rating of “Buy” from Analysts
Msci Inc (NYSE:MSCI) has received a consensus rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $179.57.
Several analysts recently issued reports on MSCI shares. Morgan Stanley increased their price target on shares of Msci from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 4th. Wells Fargo & Co increased their price target on shares of Msci from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. UBS Group increased their price target on shares of Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Msci in a research report on Tuesday, June 26th.
Institutional investors have recently modified their holdings of the business. Hartford Investment Management Co. boosted its position in Msci by 867.1% in the second quarter. Hartford Investment Management Co. now owns 14,265 shares of the technology company’s stock valued at $2,360,000 after buying an additional 12,790 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Msci in the first quarter valued at approximately $1,047,000. Wetherby Asset Management Inc. acquired a new stake in Msci in the first quarter valued at approximately $311,000. DnB Asset Management AS boosted its position in Msci by 4.7% in the second quarter. DnB Asset Management AS now owns 11,200 shares of the technology company’s stock valued at $1,853,000 after buying an additional 500 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Msci by 0.8% in the first quarter. Principal Financial Group Inc. now owns 936,127 shares of the technology company’s stock valued at $139,922,000 after buying an additional 6,983 shares in the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The company had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that Msci will post 5.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a dividend of $0.58 per share. This is a positive change from Msci’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, August 16th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. Msci’s dividend payout ratio (DPR) is currently 38.19%.
Msci Company Profile
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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