MSCI (NYSE:MSCI) Raised to Buy at Deutsche Bank Aktiengesellschaft

MSCI (NYSE:MSCI) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $569.00 price target on the technology company’s stock, down from their prior price target of $613.00. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 22.50% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price target on shares of MSCI in a report on Friday, April 12th. Oppenheimer lowered their price objective on MSCI from $659.00 to $648.00 and set an “outperform” rating for the company in a research note on Tuesday, April 9th. Wolfe Research initiated coverage on MSCI in a research note on Tuesday, March 26th. They issued a “peer perform” rating for the company. The Goldman Sachs Group raised their price objective on MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, StockNews.com lowered MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $562.87.

MSCI Price Performance

NYSE MSCI opened at $464.49 on Wednesday. The stock has a market capitalization of $36.80 billion, a PE ratio of 31.71, a P/E/G ratio of 2.24 and a beta of 1.06. The business has a 50 day simple moving average of $543.53 and a two-hundred day simple moving average of $538.04. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $685.47 million. MSCI had a negative return on equity of 111.33% and a net margin of 44.55%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.14 EPS. On average, analysts anticipate that MSCI will post 14.81 EPS for the current fiscal year.

Institutional Investors Weigh In On MSCI

A number of institutional investors and hedge funds have recently bought and sold shares of MSCI. Ronald Blue Trust Inc. raised its position in MSCI by 105.1% during the 3rd 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 in the last quarter. Flagship Harbor Advisors LLC raised its position in MSCI by 6.7% during the 3rd 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 in the last quarter. Exchange Traded Concepts LLC raised its position in MSCI by 348.7% during the 3rd 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 in the last quarter. Caprock Group LLC raised its position in MSCI by 4.5% during the 3rd quarter. Caprock Group LLC now owns 669 shares of the technology company’s stock valued at $343,000 after purchasing an additional 29 shares in the last quarter. Finally, Czech National Bank increased its holdings in shares of MSCI by 45.9% in the 3rd quarter. Czech National Bank now owns 13,823 shares of the technology company’s stock valued at $7,092,000 after acquiring an additional 4,346 shares during the period. 89.97% of the stock is owned by institutional investors.

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.