MSCI (NYSE:MSCI) PT Lowered to $615.00

MSCI (NYSE:MSCI) had its price target reduced by equities research analysts at Morgan Stanley from $671.00 to $615.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s target price indicates a potential upside of 32.40% from the stock’s current price.

A number of other equities analysts have also weighed in on MSCI. The Goldman Sachs Group boosted their price objective on shares of MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Friday, April 12th. Wolfe Research started coverage on shares of MSCI in a research report on Tuesday, March 26th. They issued a “peer perform” rating for the company. Raymond James reissued a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Finally, StockNews.com lowered shares of MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $562.87.

MSCI Trading Down 0.0 %

Shares of MSCI opened at $464.49 on Wednesday. The stock has a market cap of $36.80 billion, a P/E ratio of 31.71, a PEG ratio of 2.34 and a beta of 1.06. The company has a 50-day moving average of $543.53 and a two-hundred day moving average of $538.04. MSCI has a 12-month low of $439.95 and a 12-month high of $617.39.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.14 earnings per share. As a group, analysts forecast that MSCI will post 14.76 EPS for the current fiscal year.

Institutional Investors Weigh In On MSCI

Several institutional investors have recently bought and sold shares of the business. Bamco Inc. NY grew its stake in MSCI by 0.7% during the third quarter. Bamco Inc. NY now owns 2,260,105 shares of the technology company’s stock worth $1,159,615,000 after buying an additional 15,184 shares during the period. FMR LLC grew its stake in MSCI by 1.6% during the third quarter. FMR LLC now owns 1,893,728 shares of the technology company’s stock worth $971,634,000 after buying an additional 30,528 shares during the period. Capital International Investors grew its stake in MSCI by 9.6% during the fourth quarter. Capital International Investors now owns 1,725,215 shares of the technology company’s stock worth $976,009,000 after buying an additional 151,108 shares during the period. Wellington Management Group LLP grew its stake in MSCI by 14.0% during the third quarter. Wellington Management Group LLP now owns 1,460,634 shares of the technology company’s stock worth $749,422,000 after buying an additional 179,508 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of MSCI by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,038,761 shares of the technology company’s stock valued at $587,575,000 after purchasing an additional 44,234 shares during the period. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Company Profile

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.