MSCI Inc (NYSE:MSCI) Given Average Rating of “Buy” by Brokerages

Shares of MSCI Inc (NYSE:MSCI) have been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $709.50.

MSCI has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 price objective on shares of MSCI in a research report on Wednesday, April 22nd. Raymond James Financial increased their target price on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. Bank of America raised their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. Finally, Evercore set a $722.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd.

Institutional Trading of MSCI

A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in shares of MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY boosted its position in shares of MSCI by 15.1% during the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after purchasing an additional 361,630 shares in the last quarter. Morgan Stanley grew its stake in MSCI by 2.2% during the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after purchasing an additional 52,242 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in MSCI by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares during the period. Finally, Norges Bank acquired a new stake in MSCI during the fourth quarter worth approximately $528,560,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.3%

Shares of NYSE:MSCI opened at $573.83 on Monday. The firm has a market cap of $41.72 billion, a P/E ratio of 31.39, a P/E/G ratio of 2.18 and a beta of 1.23. MSCI has a 12-month low of $501.08 and a 12-month high of $644.77. The business has a fifty day simple moving average of $596.03 and a 200 day simple moving average of $576.54.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.17 EPS. As a group, equities research analysts expect that MSCI will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $2.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s payout ratio is presently 44.86%.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.