MSCI (NYSE:MSCI) Price Target Cut to $600.00

MSCI (NYSE:MSCI) had its price objective reduced by investment analysts at Barclays from $700.00 to $600.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 29.17% from the stock’s previous close.

A number of other equities research analysts have also weighed in on MSCI. Wolfe Research assumed coverage on MSCI in a research note on Tuesday, March 26th. They set a “peer perform” rating for the company. Oppenheimer restated a “market perform” rating on shares of MSCI in a research note on Wednesday. Redburn Atlantic downgraded MSCI from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $620.00 to $470.00 in a report on Tuesday, February 20th. Morgan Stanley reduced their target price on MSCI from $671.00 to $615.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $562.87.

MSCI Stock Performance

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

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. MSCI had a negative return on equity of 111.33% and a net margin of 44.55%. The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter last year, the firm earned $3.14 EPS. MSCI’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that MSCI will post 14.81 EPS for the current year.

Institutional Trading of MSCI

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in MSCI in the 1st quarter valued at approximately $26,000. Optiver Holding B.V. acquired a new position in shares of MSCI during the 3rd quarter valued at $26,000. ORG Partners LLC increased its position in shares of MSCI by 5,600.0% during the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after purchasing an additional 56 shares during the period. Headinvest LLC acquired a new position in shares of MSCI during the 3rd quarter valued at $30,000. Finally, American National Bank increased its position in shares of MSCI by 1,300.0% during the 4th quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after purchasing an additional 65 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

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.