Credit Suisse Group Raises MSCI Inc (MSCI) Price Target to $141.00

MSCI Inc (NYSE:MSCI) had its price objective increased by Credit Suisse Group from $120.00 to $141.00 in a research note published on Friday morning. Credit Suisse Group currently has an outperform rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Barclays PLC initiated coverage on MSCI in a research note on Tuesday, July 18th. They set an equal weight rating and a $110.00 price objective on the stock. Morgan Stanley raised their price objective on MSCI from $125.00 to $129.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. UBS AG raised their price objective on MSCI from $115.00 to $125.00 and gave the company a buy rating in a research note on Friday, August 4th. Zacks Investment Research upgraded MSCI from a hold rating to a buy rating and set a $115.00 price objective on the stock in a research note on Thursday, July 6th. Finally, BidaskClub upgraded MSCI from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MSCI presently has a consensus rating of Buy and an average target price of $127.17.

Shares of MSCI (MSCI) traded up $1.44 during trading hours on Friday, reaching $127.48. The company’s stock had a trading volume of 414,056 shares, compared to its average volume of 476,553. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 6.76. MSCI has a fifty-two week low of $76.52 and a fifty-two week high of $127.23. The company has a market cap of $11,352.28, a PE ratio of 34.63, a PEG ratio of 3.30 and a beta of 0.86.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The business had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. During the same period last year, the business earned $0.77 EPS. The business’s revenue was up 11.7% on a year-over-year basis. equities research analysts forecast that MSCI will post 3.82 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 16th. MSCI’s payout ratio is 45.37%.

In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction on Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.26% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its holdings in MSCI by 0.3% in the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after acquiring an additional 8 shares during the last quarter. Alps Advisors Inc. increased its holdings in MSCI by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock worth $512,000 after acquiring an additional 13 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in MSCI by 0.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 64 shares during the last quarter. Toronto Dominion Bank increased its holdings in MSCI by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after acquiring an additional 134 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in MSCI by 7.1% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 2,418 shares of the technology company’s stock worth $249,000 after acquiring an additional 160 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

MSCI Company Profile

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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