UBS Group Boosts Msci (NYSE:MSCI) Price Target to $375.00

Msci (NYSE:MSCI) had its target price lifted by UBS Group from $342.00 to $375.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the technology company’s stock.

MSCI has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Msci from $337.00 to $366.00 and gave the stock an equal weight rating in a research report on Wednesday. Zacks Investment Research upgraded Msci from a hold rating to a buy rating and set a $369.00 price objective on the stock in a research note on Tuesday, July 7th. Deutsche Bank began coverage on Msci in a research note on Friday, July 17th. They issued a hold rating for the company. Finally, BMO Capital Markets boosted their price target on Msci from $346.00 to $501.00 and gave the stock an outperform rating in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $346.44.

Shares of MSCI traded up $1.44 during trading hours on Wednesday, hitting $375.98. The stock had a trading volume of 763,989 shares, compared to its average volume of 447,375. Msci has a 12-month low of $206.82 and a 12-month high of $398.49. The firm has a market cap of $31.45 billion, a P/E ratio of 61.33 and a beta of 0.94. The company’s fifty day simple moving average is $353.33 and its 200 day simple moving average is $315.44.

Msci (NYSE:MSCI) last issued its earnings results on Tuesday, July 28th. The technology company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. Msci had a negative return on equity of 268.97% and a net margin of 32.14%. The business had revenue of $409.60 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the business earned $1.54 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Msci will post 7.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Msci’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 0.83%. Msci’s dividend payout ratio (DPR) is 42.24%.

In other news, insider Scott A. Crum sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $376.69, for a total transaction of $1,318,415.00. Following the completion of the transaction, the insider now directly owns 29,279 shares in the company, valued at $11,029,106.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Cd Baer Pettit sold 2,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $316.08, for a total value of $790,200.00. Following the completion of the transaction, the chief operating officer now directly owns 287,480 shares of the company’s stock, valued at approximately $90,866,678.40. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $3,770,165 over the last ninety days. Company insiders own 2.94% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Procyon Private Wealth Partners LLC acquired a new stake in shares of Msci in the 4th quarter valued at $29,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Msci during the fourth quarter valued at about $1,517,000. Norges Bank acquired a new stake in shares of Msci in the fourth quarter worth about $215,726,000. Franklin Resources Inc. boosted its stake in shares of Msci by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 1,431,085 shares of the technology company’s stock worth $369,460,000 after acquiring an additional 31,120 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Msci by 18.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 118,340 shares of the technology company’s stock valued at $30,407,000 after acquiring an additional 18,340 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Msci Company Profile

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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Analyst Recommendations for Msci (NYSE:MSCI)

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