Msci (MSCI) Hits New 12-Month High and Low at $174.14

Shares of Msci Inc (NYSE:MSCI) hit a new 52-week high and low on Thursday . The stock traded as low as $174.14 and last traded at $171.59, with a volume of 27058 shares trading hands. The stock had previously closed at $172.69.

MSCI has been the topic of several recent research reports. UBS Group lifted their target price on shares of Msci from $173.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Cantor Fitzgerald reissued a “buy” rating and set a $163.00 price target on shares of Msci in a report on Thursday, May 3rd. ValuEngine raised shares of Msci from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Morgan Stanley lifted their price target on shares of Msci from $146.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 4th. Finally, Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $157.33.

The firm has a market cap of $14.82 billion, a PE ratio of 43.49, a PEG ratio of 3.13 and a beta of 0.86. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.06 and a current ratio of 2.06.

Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $351.32 million during the quarter, compared to the consensus estimate of $349.01 million. During the same period last year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. equities analysts anticipate that Msci Inc will post 5.32 EPS for the current year.

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

In other Msci news, insider Richard J. Napolitano sold 3,362 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $154.75, for a total value of $520,269.50. Following the completion of the transaction, the insider now directly owns 12,612 shares of the company’s stock, valued at $1,951,707. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial For Lutherans raised its stake in shares of Msci by 2.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 19,584 shares of the technology company’s stock worth $2,478,000 after acquiring an additional 384 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Msci by 3.7% in the fourth quarter. Profund Advisors LLC now owns 11,041 shares of the technology company’s stock worth $1,397,000 after acquiring an additional 396 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Msci by 1.2% in the first quarter. State Treasurer State of Michigan now owns 32,800 shares of the technology company’s stock worth $4,903,000 after acquiring an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Msci by 2.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,156 shares of the technology company’s stock worth $4,059,000 after acquiring an additional 532 shares during the last quarter. Finally, Echo Street Capital Management LLC raised its stake in shares of Msci by 0.8% in the first quarter. Echo Street Capital Management LLC now owns 75,666 shares of the technology company’s stock worth $11,310,000 after acquiring an additional 603 shares during the last quarter. 92.49% 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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