Several brokerages have updated their recommendations and price targets on shares of MSCI (NYSE: MSCI) in the last few weeks:
- 7/29/2022 – MSCI had its price target raised by analysts at UBS Group AG from $514.00 to $546.00. They now have a “buy” rating on the stock.
- 7/27/2022 – MSCI had its price target raised by analysts at Oppenheimer Holdings Inc. to $507.00. They now have an “outperform” rating on the stock.
- 7/27/2022 – MSCI had its “maintains” rating reaffirmed by analysts at Raymond James.
- 7/27/2022 – MSCI had its price target lowered by analysts at Morgan Stanley from $515.00 to $508.00. They now have an “equal weight” rating on the stock.
- 7/20/2022 – MSCI had its price target lowered by analysts at Morgan Stanley from $540.00 to $515.00. They now have an “equal weight” rating on the stock.
- 7/15/2022 – MSCI had its price target lowered by analysts at Raymond James from $515.00 to $493.00.
- 6/28/2022 – MSCI had its price target lowered by analysts at Royal Bank of Canada from $600.00 to $520.00. They now have an “outperform” rating on the stock.
- 6/24/2022 – MSCI had its price target lowered by analysts at Barclays PLC from $570.00 to $470.00. They now have an “overweight” rating on the stock.
MSCI Price Performance
MSCI stock opened at $496.33 on Thursday. The company’s 50 day simple moving average is $429.20 and its 200 day simple moving average is $465.30. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $679.85. The firm has a market capitalization of $39.96 billion, a price-to-earnings ratio of 51.06 and a beta of 1.09.
MSCI (NYSE:MSCI – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.07. MSCI had a net margin of 36.85% and a negative return on equity of 151.89%. The business had revenue of $551.80 million for the quarter, compared to analyst estimates of $560.24 million. During the same quarter last year, the firm earned $2.45 EPS. MSCI’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts predict that MSCI Inc. will post 11.38 EPS for the current fiscal year.
MSCI Increases Dividend
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in shares of MSCI by 2.7% in the fourth quarter. Golden State Wealth Management LLC now owns 729 shares of the technology company’s stock valued at $447,000 after purchasing an additional 19 shares during the last quarter. Glassman Wealth Services raised its holdings in shares of MSCI by 50.0% in the fourth quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock valued at $37,000 after purchasing an additional 20 shares during the last quarter. City Holding Co. raised its holdings in shares of MSCI by 1.1% in the fourth quarter. City Holding Co. now owns 1,938 shares of the technology company’s stock valued at $972,000 after purchasing an additional 22 shares during the last quarter. Veriti Management LLC raised its holdings in shares of MSCI by 1.7% in the first quarter. Veriti Management LLC now owns 1,321 shares of the technology company’s stock valued at $664,000 after purchasing an additional 22 shares during the last quarter. Finally, Institute for Wealth Management LLC. raised its holdings in shares of MSCI by 2.1% in the second quarter. Institute for Wealth Management LLC. now owns 1,224 shares of the technology company’s stock valued at $504,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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