MSCI (NYSE:MSCI) Price Target Lowered to $615.00 at Morgan Stanley

MSCI (NYSE:MSCI) had its price target decreased by investment analysts at Morgan Stanley from $671.00 to $615.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 32.40% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Raymond James reiterated a “market perform” rating on shares of MSCI in a report on Friday, January 5th. The Goldman Sachs Group increased their price target on shares of MSCI from $544.00 to $617.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft raised shares of MSCI from a “hold” rating to a “buy” rating and reduced their price target for the stock from $613.00 to $569.00 in a research report on Wednesday. Barclays increased their price target on shares of MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $562.87.

MSCI Price Performance

Shares of MSCI opened at $464.49 on Wednesday. MSCI has a one year low of $439.95 and a one year high of $617.39. The company has a 50-day moving average of $543.53 and a two-hundred day moving average of $538.04. The stock has a market cap of $36.80 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.34 and a beta of 1.06.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.44 by $0.08. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same period last year, the company posted $3.14 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that MSCI will post 14.76 earnings per share for the current year.

Hedge Funds Weigh In On MSCI

Institutional investors have recently modified their holdings of the company. Optiver Holding B.V. bought a new position in shares of MSCI in the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of MSCI in the first quarter valued at approximately $26,000. ORG Partners LLC raised its position in shares of MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after purchasing an additional 56 shares during the period. Headinvest LLC bought a new position in shares of MSCI in the third quarter valued at approximately $30,000. Finally, American National Bank raised its position in shares of MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after purchasing an additional 65 shares during the period. Institutional investors own 89.97% of the company’s stock.

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.