MSCI (NYSE:MSCI) PT Lowered to $526.00

MSCI (NYSE:MSCI) had its price objective cut by analysts at The Goldman Sachs Group from $615.00 to $526.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 13.24% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of MSCI from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $613.00 to $569.00 in a research note on Wednesday. Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $620.00 to $470.00 in a research note on Tuesday, February 20th. Raymond James reaffirmed a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. StockNews.com lowered MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Bank of America dropped their price target on MSCI from $530.00 to $425.00 and set an “underperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $562.87.

MSCI Stock Performance

Shares of NYSE MSCI opened at $464.49 on Wednesday. The stock has a 50 day moving average price of $543.53 and a 200 day moving average price of $538.04. The stock has a market capitalization of $36.80 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. MSCI has a 52 week low of $439.95 and a 52 week high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $685.47 million. MSCI had a negative return on equity of 121.86% 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 in the prior year, the firm posted $3.14 EPS. As a group, research analysts forecast that MSCI will post 14.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MSCI. Parkside Financial Bank & Trust boosted its stake in shares of MSCI by 12.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 165 shares of the technology company’s stock valued at $93,000 after buying an additional 18 shares during the period. Legacy Advisors LLC lifted its position in shares of MSCI by 2.8% during the 4th quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock valued at $376,000 after acquiring an additional 18 shares during the period. Quent Capital LLC grew its holdings in shares of MSCI by 23.5% during the 4th quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock worth $57,000 after purchasing an additional 19 shares in the last quarter. Balentine LLC increased its position in shares of MSCI by 3.6% in the third quarter. Balentine LLC now owns 572 shares of the technology company’s stock worth $293,000 after purchasing an additional 20 shares during the period. Finally, Sompo Asset Management Co. Ltd. raised its stake in MSCI by 1.0% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

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.