MSCI (NYSE:MSCI – Free Report) had its price target boosted by Royal Bank of Canada from $588.00 to $638.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.
Several other research firms also recently commented on MSCI. Wells Fargo & Company upped their price objective on shares of MSCI from $615.00 to $660.00 and gave the company an overweight rating in a report on Wednesday. StockNews.com raised shares of MSCI from a hold rating to a buy rating in a report on Tuesday, December 12th. Oppenheimer upped their price objective on shares of MSCI from $572.00 to $601.00 and gave the company an outperform rating in a report on Monday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of MSCI from $610.00 to $600.00 and set an overweight rating on the stock in a report on Wednesday, October 18th. Finally, Morgan Stanley raised shares of MSCI from an equal weight rating to an overweight rating and upped their price objective for the company from $526.00 to $600.00 in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $584.21.
MSCI Trading Down 0.6 %
MSCI (NYSE:MSCI – Get Free Report) last released its earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. The company had revenue of $690.11 million for the quarter, compared to the consensus estimate of $662.64 million. MSCI had a net margin of 45.42% and a negative return on equity of 103.00%. MSCI’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 EPS. As a group, analysts expect that MSCI will post 14.73 EPS for the current fiscal year.
MSCI Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from MSCI’s previous quarterly dividend of $1.38. This represents a $6.40 dividend on an annualized basis and a yield of 1.07%. MSCI’s dividend payout ratio is currently 38.33%.
Hedge Funds Weigh In On MSCI
Large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. acquired a new position in MSCI during the third quarter worth $26,000. ORG Partners LLC raised its position in MSCI by 5,600.0% during the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after acquiring an additional 56 shares during the period. Headinvest LLC acquired a new position in MSCI during the third quarter worth $30,000. Atlas Capital Advisors LLC acquired a new stake in shares of MSCI in the first quarter valued at about $35,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of MSCI in the third quarter valued at about $38,000. 88.61% of the stock is currently owned by institutional investors and hedge funds.
MSCI Company Profile
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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