MSCI (NYSE:MSCI) PT Lowered to $526.00

MSCI (NYSE:MSCI) had its price objective decreased by research analysts at The Goldman Sachs Group from $615.00 to $526.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 12.48% from the company’s current price.

A number of other brokerages also recently issued reports on MSCI. Bank of America dropped their price target on shares of MSCI from $530.00 to $425.00 and set an “underperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 price target on shares of MSCI in a research report on Friday, April 12th. Wells Fargo & Company raised their price objective on MSCI from $615.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. StockNews.com lowered MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Raymond James reaffirmed a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, MSCI presently has an average rating of “Hold” and a consensus target price of $569.20.

MSCI Stock Performance

Shares of MSCI stock traded up $21.64 on Wednesday, reaching $467.64. 1,115,007 shares of the company were exchanged, compared to its average volume of 513,934. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 2.58 and a beta of 1.06. The company’s 50-day moving average is $547.91 and its two-hundred day moving average is $539.08.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.08. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.47 million. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.14 EPS. As a group, sell-side analysts forecast that MSCI will post 14.84 earnings per share for the current year.

Institutional Trading of MSCI

Several hedge funds and other institutional investors have recently bought and sold shares of MSCI. Optiver Holding B.V. bought a new position in shares of MSCI in the third quarter worth about $26,000. Rise Advisors LLC bought a new stake in MSCI in the 1st quarter valued at $26,000. ORG Partners LLC grew its holdings in shares of MSCI by 5,600.0% during the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after buying an additional 56 shares in the last quarter. Headinvest LLC bought a new stake in shares of MSCI in the third quarter worth $30,000. Finally, American National Bank grew its position in MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after purchasing an additional 65 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.