Msci (MSCI) Hits New 1-Year High and Low at $168.30

Msci Inc (NYSE:MSCI) reached a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $168.30 and last traded at $167.96, with a volume of 24015 shares. The stock had previously closed at $167.14.

A number of research firms have issued reports on MSCI. UBS Group increased their target price on shares of Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Morgan Stanley increased their target price on shares of Msci from $146.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 4th. Cantor Fitzgerald reiterated a “buy” rating and set a $163.00 target price on shares of Msci in a report on Thursday, May 3rd. Finally, ValuEngine upgraded shares of Msci from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Msci presently has a consensus rating of “Buy” and a consensus target price of $157.33.

The firm has a market capitalization of $14.82 billion, a PE ratio of 43.27, a P/E/G ratio of 3.13 and a beta of 0.86. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 4.93.

Msci (NYSE:MSCI) last released its earnings results on Thursday, May 3rd. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. Msci had a net margin of 26.14% and a return on equity of 109.18%. The company had revenue of $351.32 million for the quarter, compared to analyst estimates of $349.01 million. During the same period in the prior year, the business earned $0.88 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. research analysts expect that Msci Inc will post 5.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Friday, May 18th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.88%. Msci’s payout ratio is 38.19%.

In other news, insider Richard J. Napolitano sold 3,362 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $154.75, for a total value of $520,269.50. Following the sale, the insider now directly owns 12,612 shares in the company, valued at approximately $1,951,707. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MSCI. Virtue Capital Management LLC acquired a new stake in shares of Msci in the 4th quarter valued at $127,000. Assetmark Inc. raised its holdings in shares of Msci by 480.1% in the 4th quarter. Assetmark Inc. now owns 1,079 shares of the technology company’s stock valued at $137,000 after purchasing an additional 893 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Msci in the 1st quarter valued at $202,000. Chicago Equity Partners LLC acquired a new stake in shares of Msci in the 1st quarter valued at $208,000. Finally, Lincoln National Corp acquired a new stake in shares of Msci in the 1st quarter valued at $210,000. Institutional investors and hedge funds own 92.49% of the company’s stock.

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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