MSCI (MSCI) Bonds Drop 0.8% During Trading
An issue of MSCI Inc (NYSE:MSCI) bonds fell 0.8% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 5.25% coupon and will mature on November 15, 2024. The debt is now trading at $104.78 and was trading at $105.50 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
MSCI has been the topic of several analyst reports. Morgan Stanley increased their price target on MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group increased their price target on MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BidaskClub downgraded MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Barclays restated a “hold” rating and issued a $135.00 price objective on shares of MSCI in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. MSCI has a consensus rating of “Buy” and an average price target of $136.00.
Shares of MSCI Inc (MSCI) traded up $1.13 during trading on Friday, hitting $135.89. 461,287 shares of the stock traded hands, compared to its average volume of 397,611. The firm has a market capitalization of $12,240.00, a P/E ratio of 40.69, a price-to-earnings-growth 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 twelve month low of $80.38 and a twelve month high of $136.93.
Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of MSCI by 9.2% in the third quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock worth $59,934,000 after acquiring an additional 43,380 shares during the last quarter. Oakbrook Investments LLC grew its stake in shares of MSCI by 18.6% in the third quarter. Oakbrook Investments LLC now owns 7,985 shares of the technology company’s stock worth $933,000 after acquiring an additional 1,250 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of MSCI by 68.6% in the second quarter. Nationwide Fund Advisors now owns 400,163 shares of the technology company’s stock worth $41,213,000 after acquiring an additional 162,774 shares during the last quarter. Invictus RG grew its stake in shares of MSCI by 307.9% in the third quarter. Invictus RG now owns 6,792 shares of the technology company’s stock worth $794,000 after acquiring an additional 5,127 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of MSCI by 64.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock worth $94,685,000 after acquiring an additional 359,892 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.
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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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