MSCI (NYSE:MSCI) Price Target Raised to $742.00

MSCI (NYSE:MSCIFree Report) had its price objective raised by JPMorgan Chase & Co. from $700.00 to $742.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

MSCI has been the topic of a number of other research reports. Bank of America boosted their price target on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group raised their price objective on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Jefferies Financial Group began coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 target price on the stock. Finally, Morgan Stanley increased their price target on MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, MSCI has a consensus rating of “Buy” and an average price target of $709.50.

Check Out Our Latest Report on MSCI

MSCI Price Performance

Shares of MSCI opened at $570.00 on Monday. The firm has a 50-day moving average of $597.23 and a 200-day moving average of $577.01. MSCI has a one year low of $501.08 and a one year high of $644.77. The company has a market cap of $41.50 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

MSCI (NYSE:MSCIGet Free Report) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period in the previous year, the company posted $4.17 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that MSCI will post 19.85 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid 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 46.83%.

Insider Buying and Selling

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the transaction, the insider directly owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This represents a 29.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MSCI

A number of institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake in MSCI by 4.7% in the fourth quarter. Venturi Wealth Management LLC now owns 375 shares of the technology company’s stock valued at $215,000 after acquiring an additional 17 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its position in MSCI by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock valued at $326,000 after purchasing an additional 17 shares in the last quarter. Allworth Financial LP lifted its stake in MSCI by 1.7% during the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock worth $616,000 after purchasing an additional 18 shares during the last quarter. Huntington National Bank lifted its stake in MSCI by 1.9% during the fourth quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock worth $616,000 after purchasing an additional 20 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in shares of MSCI by 2.5% in the 4th quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock valued at $476,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

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About MSCI

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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.

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