MSCI (MSCI) Bond Prices Fall 0.8%

An issue of MSCI Inc (NYSE:MSCI) debt fell 0.8% against its face value during trading on Friday. The debt issue has a 5.25% coupon and is set to mature on November 15, 2024. The bonds in the issue are now trading at $104.78 and were trading at $105.50 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.

A number of research firms have recently issued reports on MSCI. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Thursday, January 4th. Barclays reaffirmed a “hold” rating and set a $135.00 price objective on shares of MSCI in a research report on Tuesday, December 19th. UBS Group raised their price objective on shares of MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley raised their price objective on shares of MSCI from $129.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Finally, Credit Suisse Group raised their price objective on shares of MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $136.00.

Shares of MSCI Inc (MSCI) traded up $1.13 on Friday, reaching $135.89. 461,287 shares of the company traded hands, compared to its average volume of 397,611. The company has a market capitalization of $12,240.00, a price-to-earnings ratio of 40.69, a PEG ratio of 2.88 and a beta of 0.89. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05. MSCI Inc has a 52-week low of $80.38 and a 52-week high of $136.93.

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. The firm had revenue of $322.10 million for the quarter, compared to analyst estimates of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 106.15%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. research analysts expect that MSCI Inc will post 3.82 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. grew its holdings in MSCI by 9.2% during the third quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock valued at $59,934,000 after purchasing an additional 43,380 shares during the last quarter. Oakbrook Investments LLC grew its holdings in MSCI by 18.6% during the third quarter. Oakbrook Investments LLC now owns 7,985 shares of the technology company’s stock valued at $933,000 after purchasing an additional 1,250 shares during the last quarter. Nationwide Fund Advisors grew its holdings in MSCI by 68.6% during the second quarter. Nationwide Fund Advisors now owns 400,163 shares of the technology company’s stock valued at $41,213,000 after purchasing an additional 162,774 shares during the last quarter. Invictus RG grew its holdings in MSCI by 307.9% during the third quarter. Invictus RG now owns 6,792 shares of the technology company’s stock valued at $794,000 after purchasing an additional 5,127 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in MSCI by 64.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after purchasing an additional 359,892 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

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About MSCI

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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