MSCI (NYSE:MSCI) Price Target Raised to $760.00

MSCI (NYSE:MSCI) had its target price lifted by analysts at Raymond James Financial from $730.00 to $760.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the technology company’s stock. Raymond James Financial’s target price points to a potential upside of 26.75% from the stock’s previous close.

Several other analysts also recently commented on the company. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. UBS Group upped their price target on MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company upgraded MSCI from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $650.00 to $700.00 in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $699.73.

MSCI Stock Down 1.4%

NYSE:MSCI opened at $599.62 on Wednesday. The company has a fifty day moving average of $592.52 and a 200-day moving average of $574.68. The firm has a market capitalization of $43.65 billion, a P/E ratio of 34.37, a P/E/G ratio of 2.32 and a beta of 1.24. MSCI has a twelve month low of $501.08 and a twelve month high of $644.68.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The business had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. During the same period in the prior year, the firm earned $4.00 earnings per share. MSCI’s revenue was up 14.1% on a year-over-year basis. On average, analysts anticipate that MSCI will post 19.62 EPS for the current fiscal year.

Insider Activity at MSCI

In other news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the transaction, the insider owned 23,548 shares in the company, valued at $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MSCI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in MSCI by 341.7% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of MSCI during the fourth quarter valued at about $30,000. Eagle Bay Advisors LLC purchased a new position in MSCI during the fourth quarter worth about $34,000. Elyxium Wealth LLC bought a new stake in MSCI in the 4th quarter worth about $34,000. Finally, SHP Wealth Management bought a new stake in MSCI in the 4th quarter worth about $36,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.