Analysts at Barclays PLC initiated coverage on shares of MSCI Inc (NYSE:MSCI) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set an “equal weight” rating and a $110.00 price target on the technology company’s stock. Barclays PLC’s price objective would suggest a potential upside of 2.24% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on MSCI. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Wednesday, March 22nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price objective on shares of MSCI in a research note on Friday, May 5th. UBS AG reiterated a “buy” rating and issued a $114.00 price objective (up previously from $99.00) on shares of MSCI in a research note on Friday, May 5th. Credit Suisse Group reduced their price objective on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, Morgan Stanley boosted their price objective on MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $100.71.
MSCI (NYSE:MSCI) opened at 107.59 on Tuesday. The firm has a market cap of $9.73 billion, a P/E ratio of 37.09 and a beta of 1.03. MSCI has a 12-month low of $76.52 and a 12-month high of $109.29. The stock’s 50 day moving average is $104.43 and its 200 day moving average is $96.48.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The firm had revenue of $301.21 million during the quarter, compared to analysts’ expectations of $303.88 million. MSCI had a return on equity of 72.33% and a net margin of 23.31%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities research analysts expect that MSCI will post $3.65 EPS for the current year.
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In other news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $103.97, for a total value of $216,569.51. Following the transaction, the chief operating officer now owns 182,432 shares of the company’s stock, valued at $18,967,455.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 6,249 shares of company stock worth $639,439. Corporate insiders own 2.26% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its position in MSCI by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after buying an additional 8 shares during the last quarter. Private Advisor Group LLC raised its position in MSCI by 0.6% in the first quarter. Private Advisor Group LLC now owns 3,152 shares of the technology company’s stock worth $308,000 after buying an additional 20 shares during the last quarter. PNC Financial Services Group Inc. raised its position in MSCI by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,751 shares of the technology company’s stock worth $851,000 after buying an additional 38 shares during the last quarter. Pacer Advisors Inc. raised its position in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after buying an additional 46 shares during the last quarter. Finally, Weatherstone Capital Management raised its position in MSCI by 2.8% in the first quarter. Weatherstone Capital Management now owns 3,038 shares of the technology company’s stock worth $295,000 after buying an additional 82 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors and hedge funds.
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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