MSCI (NYSE:MSCI) Price Target Cut to $648.00

MSCI (NYSE:MSCI) had its target price reduced by equities researchers at Oppenheimer from $659.00 to $648.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would suggest a potential upside of 21.56% from the stock’s current price.

Several other equities research analysts have also commented on MSCI. Morgan Stanley upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $526.00 to $600.00 in a report on Wednesday, December 13th. Raymond James restated a “market perform” rating on shares of MSCI in a report on Friday, January 5th. Redburn Atlantic downgraded MSCI from a “neutral” rating to a “sell” rating and cut their price target for the company from $620.00 to $470.00 in a report on Tuesday, February 20th. Royal Bank of Canada upped their price objective on MSCI from $588.00 to $638.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company lifted their target price on MSCI from $615.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has an average rating of “Hold” and an average price target of $581.57.

MSCI Trading Down 3.9 %

NYSE MSCI opened at $533.05 on Tuesday. MSCI has a 12 month low of $451.55 and a 12 month high of $617.39. The company’s 50-day moving average price is $562.32 and its 200-day moving average price is $538.93. The stock has a market cap of $42.23 billion, a PE ratio of 37.02, a PEG ratio of 2.76 and a beta of 1.06.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.39. The company had revenue of $690.11 million for the quarter, compared to analysts’ expectations of $662.64 million. MSCI had a negative return on equity of 111.17% and a net margin of 45.42%. MSCI’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 earnings per share. As a group, sell-side analysts forecast that MSCI will post 14.8 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in shares of MSCI in the 3rd quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of MSCI during the 1st quarter worth about $26,000. ORG Partners LLC grew 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 acquiring an additional 56 shares during the period. Headinvest LLC purchased a new position in shares of MSCI in the 3rd quarter valued at about $30,000. Finally, Atlas Capital Advisors LLC acquired a new position in MSCI in the 1st quarter worth about $35,000. 89.97% of the stock is owned by institutional investors and hedge funds.

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.