Shares of Msci Inc (NYSE:MSCI) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $217.63.
MSCI has been the subject of several research reports. Morgan Stanley lifted their price target on Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Barclays reissued a “buy” rating and set a $240.00 price target on shares of Msci in a report on Sunday, May 5th. Cantor Fitzgerald lifted their price target on Msci from $188.00 to $247.00 in a report on Friday, May 3rd. Finally, UBS Group cut Msci from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $234.00 to $258.00 in a report on Monday, July 8th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Next Capital Management LLC acquired a new position in shares of Msci during the 2nd quarter worth $25,000. FTB Advisors Inc. raised its holdings in shares of Msci by 37.5% during the 1st quarter. FTB Advisors Inc. now owns 422 shares of the technology company’s stock worth $84,000 after buying an additional 115 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Msci by 686.7% during the 2nd quarter. Advisory Services Network LLC now owns 354 shares of the technology company’s stock worth $84,000 after buying an additional 309 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of Msci during the 2nd quarter worth $85,000. Finally, Parallel Advisors LLC raised its holdings in shares of Msci by 78.5% during the 1st quarter. Parallel Advisors LLC now owns 441 shares of the technology company’s stock worth $88,000 after buying an additional 194 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.03. The business had revenue of $385.56 million during the quarter, compared to analysts’ expectations of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. On average, research analysts forecast that Msci will post 6.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.68 dividend. The ex-dividend date is Thursday, August 15th. This is a boost from Msci’s previous quarterly dividend of $0.58. This represents a $2.72 annualized dividend and a yield of 1.28%. Msci’s payout ratio is currently 43.36%.
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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