MSCI (NYSE:MSCI) PT Raised to $600.00

MSCI (NYSE:MSCI) had its target price increased by investment analysts at Wells Fargo & Company from $570.00 to $600.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 0.92% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. UBS Group lifted their target price on shares of MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group lifted their target price on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, July 24th. Finally, Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $614.14.

MSCI Trading Up 1.0 %

MSCI stock opened at $605.59 on Friday. The firm has a 50 day moving average of $566.07 and a 200-day moving average of $524.59. MSCI has a 12 month low of $439.95 and a 12 month high of $617.39. The firm has a market capitalization of $47.63 billion, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company had revenue of $707.90 million during the quarter, compared to analyst estimates of $696.41 million. During the same period last year, the business earned $3.26 earnings per share. MSCI’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that MSCI will post 14.8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MSCI. Rise Advisors LLC purchased a new position in MSCI during the 1st quarter valued at $26,000. Rothschild Investment LLC purchased a new position in MSCI during the 2nd quarter valued at $26,000. HWG Holdings LP purchased a new position in MSCI during the 2nd quarter valued at $27,000. Crewe Advisors LLC purchased a new position in MSCI during the 1st quarter valued at $34,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of MSCI in the 2nd quarter worth about $40,000. 89.97% of the stock is 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.