Traders Purchase High Volume of Put Options on Msci (MSCI)
Msci Inc (NYSE:MSCI) was the target of some unusual options trading activity on Monday. Investors purchased 750 put options on the company. This is an increase of 987% compared to the average volume of 69 put options.
NYSE MSCI opened at $145.53 on Tuesday. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.91 and a beta of 1.09. Msci has a fifty-two week low of $124.08 and a fifty-two week high of $184.22. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 6.80.
Msci (NYSE:MSCI) last posted its earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.06. The firm had revenue of $357.90 million for the quarter, compared to analysts’ expectations of $359.91 million. Msci had a net margin of 29.87% and a return on equity of 121.45%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. As a group, sell-side analysts predict that Msci will post 5.28 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. Cantor Fitzgerald lifted their price objective on shares of Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Morgan Stanley boosted their target price on shares of Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Finally, BMO Capital Markets started coverage on shares of Msci in a research note on Wednesday, July 25th. They set an “outperform” rating and a $198.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $175.29.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Msci by 12.6% in the second quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock worth $1,441,701,000 after purchasing an additional 976,018 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Msci by 0.8% in the second quarter. Fiera Capital Corp now owns 3,414,461 shares of the technology company’s stock worth $564,855,000 after purchasing an additional 26,223 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Msci by 2.8% in the third quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock worth $484,216,000 after purchasing an additional 73,505 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Msci by 67.8% in the second quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock worth $287,512,000 after purchasing an additional 702,241 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Msci by 35.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,445,840 shares of the technology company’s stock worth $256,507,000 after purchasing an additional 377,801 shares during the last quarter. 92.58% of the stock is currently owned by hedge funds and other institutional investors.
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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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