Msci (NYSE:MSCI) Sets New 52-Week High at $245.34

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Msci Inc (NYSE:MSCI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $245.34 and last traded at $243.99, with a volume of 419200 shares. The stock had previously closed at $240.30.

Several research firms have recently commented on MSCI. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $207.00 price objective for the company in a research note on Wednesday, March 13th. UBS Group upped their price objective on Msci to $234.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays restated a “buy” rating and issued a $240.00 price objective on shares of Msci in a research note on Sunday, May 5th. Morgan Stanley set a $216.00 price objective on Msci and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Cantor Fitzgerald upped their price objective on Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $209.22.

The company has a debt-to-equity ratio of 6.80, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $20.35 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 3.80 and a beta of 1.15.

Msci (NYSE:MSCI) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.40 by $0.15. Msci had a return on equity of 813.48% and a net margin of 39.27%. The firm had revenue of $371.38 million during the quarter, compared to analyst estimates of $371.48 million. During the same period in the prior year, the business posted $1.31 EPS. Msci’s revenue was up 5.8% on a year-over-year basis. As a group, analysts forecast that Msci Inc will post 6.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. Msci’s payout ratio is presently 43.36%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Msci by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock worth $945,540,000 after buying an additional 34,795 shares in the last quarter. Fiera Capital Corp grew its position in shares of Msci by 2.1% during the first quarter. Fiera Capital Corp now owns 3,590,361 shares of the technology company’s stock valued at $713,908,000 after purchasing an additional 73,967 shares in the last quarter. American Century Companies Inc. grew its position in shares of Msci by 22.5% during the first quarter. American Century Companies Inc. now owns 1,979,124 shares of the technology company’s stock valued at $393,529,000 after purchasing an additional 363,875 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Msci by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock valued at $228,480,000 after purchasing an additional 103,911 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Msci by 16.7% during the first quarter. Geode Capital Management LLC now owns 1,351,572 shares of the technology company’s stock valued at $268,433,000 after purchasing an additional 193,029 shares in the last quarter. Institutional investors and hedge funds own 91.80% of the company’s stock.

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Msci Company Profile (NYSE:MSCI)

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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