Shares of MSCI Inc. (NYSE:MSCI – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $517.25.
Several research firms have recently weighed in on MSCI. Morgan Stanley dropped their target price on shares of MSCI from $515.00 to $508.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 27th. UBS Group increased their target price on MSCI from $514.00 to $546.00 and gave the company a "buy" rating in a report on Friday, July 29th. Royal Bank of Canada lowered their price target on MSCI from $600.00 to $520.00 and set an "outperform" rating on the stock in a report on Tuesday, June 28th. Raymond James reduced their price objective on MSCI from $515.00 to $493.00 in a research note on Friday, July 15th. Finally, Barclays lowered their target price on MSCI from $570.00 to $470.00 and set an "overweight" rating on the stock in a research note on Friday, June 24th.
Get MSCI alerts:MSCI Stock Performance
Shares of NYSE:MSCI opened at $421.79 on Monday. The company has a market capitalization of $33.96 billion, a PE ratio of 43.39 and a beta of 1.09. The stock has a fifty day moving average of $467.17 and a 200-day moving average of $451.05. MSCI has a one year low of $376.41 and a one year high of $679.85.
MSCI (NYSE:MSCI – Get Rating) last announced its earnings results on Tuesday, July 26th. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.70 by $0.08. The business had revenue of $551.80 million during the quarter, compared to the consensus estimate of $560.24 million. MSCI had a negative return on equity of 151.89% and a net margin of 36.85%. MSCI's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 earnings per share. As a group, research analysts forecast that MSCI will post 11.34 EPS for the current fiscal year.MSCI Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This is a boost from MSCI's previous quarterly dividend of $1.04. This represents a $5.00 dividend on an annualized basis and a yield of 1.19%. MSCI's payout ratio is 51.44%.
Insider Transactions at MSCI
In related news, insider Scott A. Crum sold 5,000 shares of MSCI stock in a transaction on Monday, August 8th. The shares were sold at an average price of $501.46, for a total value of $2,507,300.00. Following the completion of the sale, the insider now owns 27,408 shares of the company's stock, valued at approximately $13,744,015.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.02% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of MSCI in the first quarter valued at approximately $25,000. AdvisorNet Financial Inc raised its holdings in MSCI by 178.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 64 shares of the technology company's stock worth $26,000 after acquiring an additional 41 shares during the period. SeaCrest Wealth Management LLC acquired a new position in MSCI during the 2nd quarter worth $31,000. Allworth Financial LP boosted its holdings in MSCI by 76.6% during the first quarter. Allworth Financial LP now owns 83 shares of the technology company's stock valued at $42,000 after acquiring an additional 36 shares during the period. Finally, Sargent Bickham Lagudis LLC grew its position in shares of MSCI by 161.0% in the second quarter. Sargent Bickham Lagudis LLC now owns 107 shares of the technology company's stock valued at $44,000 after purchasing an additional 66 shares during the last quarter. 89.14% of the stock is owned by institutional investors.
About MSCI
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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.
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