MSCI (NYSE:MSCI) Price Target Cut to $575.00

MSCI (NYSE:MSCI) had its price target dropped by equities research analysts at UBS Group from $700.00 to $575.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective would indicate a potential upside of 23.79% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Wolfe Research began coverage on shares of MSCI in a research note on Tuesday, March 26th. They set a “peer perform” rating on the stock. The Goldman Sachs Group decreased their target price on shares of MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a research note on Wednesday. Raymond James reissued a “market perform” rating on shares of MSCI in a research note on Friday, January 5th. Finally, Morgan Stanley reduced their price objective on shares of MSCI from $671.00 to $615.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI presently has an average rating of “Hold” and a consensus target price of $562.87.

MSCI Trading Down 0.0 %

NYSE MSCI opened at $464.49 on Wednesday. The company has a 50 day moving average of $543.53 and a 200-day moving average of $538.04. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.24 and a beta of 1.06. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. The business had revenue of $680.00 million for 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 111.33%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $3.14 earnings per share. On average, equities research analysts forecast that MSCI will post 14.81 earnings per share for the current year.

Hedge Funds Weigh In On MSCI

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ronald Blue Trust Inc. raised its holdings in shares of MSCI by 105.1% during the third quarter. Ronald Blue Trust Inc. now owns 80 shares of the technology company’s stock valued at $41,000 after purchasing an additional 41 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of MSCI by 6.7% during the third quarter. Flagship Harbor Advisors LLC now owns 561 shares of the technology company’s stock valued at $288,000 after purchasing an additional 35 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of MSCI by 348.7% during the third quarter. Exchange Traded Concepts LLC now owns 341 shares of the technology company’s stock valued at $175,000 after purchasing an additional 265 shares during the period. Caprock Group LLC raised its holdings in shares of MSCI by 4.5% during the third quarter. Caprock Group LLC now owns 669 shares of the technology company’s stock valued at $343,000 after purchasing an additional 29 shares during the period. Finally, Czech National Bank raised its holdings in shares of MSCI by 45.9% during the third quarter. Czech National Bank now owns 13,823 shares of the technology company’s stock valued at $7,092,000 after purchasing an additional 4,346 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

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.