MSCI (NYSE:MSCI) Given New $713.00 Price Target at Oppenheimer

MSCI (NYSE:MSCI) had its price objective upped by Oppenheimer from $685.00 to $713.00 in a report issued on Wednesday morning, The Fly reports. They currently have an outperform rating on the technology company’s stock.

A number of other research firms have also recently weighed in on MSCI. Morgan Stanley lifted their price objective on MSCI from $523.00 to $570.00 and gave the company an equal weight rating in a research report on Thursday, September 23rd. Barclays lifted their price objective on MSCI from $545.00 to $700.00 and gave the company an overweight rating in a research report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on MSCI from $600.00 to $650.00 and gave the company a buy rating in a research report on Tuesday, August 3rd. Zacks Investment Research raised MSCI from a hold rating to a buy rating and set a $621.00 price target on the stock in a report on Thursday, July 29th. Finally, Royal Bank of Canada boosted their price target on MSCI from $650.00 to $720.00 and gave the stock an outperform rating in a report on Tuesday, September 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, MSCI presently has a consensus rating of Buy and an average target price of $638.14.

MSCI stock opened at $637.00 on Wednesday. The business has a 50-day simple moving average of $627.87 and a two-hundred day simple moving average of $550.50. The company has a market cap of $52.52 billion, a P/E ratio of 76.01 and a beta of 0.97. MSCI has a 52-week low of $336.03 and a 52-week high of $667.07.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 26th. The technology company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.10. MSCI had a negative return on equity of 180.78% and a net margin of 37.97%. The firm had revenue of $517.10 million for the quarter, compared to analysts’ expectations of $509.62 million. During the same period in the previous year, the firm earned $2.20 EPS. The business’s quarterly revenue was up 21.6% on a year-over-year basis. On average, equities research analysts forecast that MSCI will post 9.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Friday, November 12th will be issued a dividend of $1.04 per share. The ex-dividend date is Wednesday, November 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. MSCI’s dividend payout ratio (DPR) is 53.13%.

In other news, insider Jennifer H. Mak sold 300 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $622.38, for a total transaction of $186,714.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $604.05, for a total value of $1,510,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,300 shares of company stock worth $3,254,214 over the last ninety days. Insiders own 2.93% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clarius Group LLC increased its position in shares of MSCI by 1.9% during the 3rd quarter. Clarius Group LLC now owns 918 shares of the technology company’s stock valued at $558,000 after purchasing an additional 17 shares during the last quarter. Rockland Trust Co. grew its position in MSCI by 2.6% in the 3rd quarter. Rockland Trust Co. now owns 680 shares of the technology company’s stock valued at $414,000 after acquiring an additional 17 shares during the last quarter. Spire Wealth Management grew its position in MSCI by 5.4% in the 3rd quarter. Spire Wealth Management now owns 331 shares of the technology company’s stock valued at $201,000 after acquiring an additional 17 shares during the last quarter. Wedbush Securities Inc. grew its position in MSCI by 2.9% in the 2nd quarter. Wedbush Securities Inc. now owns 637 shares of the technology company’s stock valued at $340,000 after acquiring an additional 18 shares during the last quarter. Finally, Wrapmanager Inc. grew its position in MSCI by 1.9% in the 2nd quarter. Wrapmanager Inc. now owns 959 shares of the technology company’s stock valued at $511,000 after acquiring an additional 18 shares during the last quarter. 90.61% of the stock is currently owned by hedge funds and other institutional investors.

About MSCI

MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.

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