MSCI (NYSE:MSCI – Get Rating) had its price objective raised by investment analysts at Morgan Stanley from $500.00 to $518.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.95% from the company’s current price.
Several other equities analysts have also commented on MSCI. Barclays upped their target price on MSCI from $470.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, December 2nd. Oppenheimer cut their price objective on shares of MSCI to $504.00 in a report on Wednesday, October 5th. JPMorgan Chase & Co. initiated coverage on shares of MSCI in a report on Tuesday, December 13th. They issued an “overweight” rating and a $580.00 target price for the company. StockNews.com initiated coverage on shares of MSCI in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of MSCI from $423.00 to $459.00 in a report on Thursday, October 27th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $529.20.
MSCI Stock Up 1.2 %
Shares of NYSE:MSCI traded up $5.71 during trading on Wednesday, reaching $466.87. The stock had a trading volume of 3,552 shares, compared to its average volume of 411,961. The stock has a market cap of $37.33 billion, a P/E ratio of 44.83 and a beta of 1.11. The business has a fifty day moving average price of $483.14 and a 200-day moving average price of $458.35. MSCI has a fifty-two week low of $376.41 and a fifty-two week high of $606.32.
MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, October 25th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.76 by $0.09. MSCI had a net margin of 38.23% and a negative return on equity of 115.88%. The firm had revenue of $560.64 million during the quarter, compared to analysts’ expectations of $564.96 million. As a group, equities analysts forecast that MSCI will post 11.31 EPS for the current year.
Insider Activity at MSCI
In related news, CFO Andrew C. Wiechmann sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total transaction of $498,718.00. Following the transaction, the chief financial officer now directly owns 15,908 shares of the company’s stock, valued at approximately $7,212,369.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Andrew C. Wiechmann sold 1,100 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $453.38, for a total value of $498,718.00. Following the completion of the transaction, the chief financial officer now directly owns 15,908 shares in the company, valued at $7,212,369.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott A. Crum sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the sale, the insider now directly owns 19,908 shares of the company’s stock, valued at $9,157,680. The disclosure for this sale can be found here. 3.02% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MSCI. AdvisorNet Financial Inc raised its position in shares of MSCI by 178.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 64 shares of the technology company’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in MSCI in the second quarter valued at $31,000. Parkside Financial Bank & Trust boosted its stake in MSCI by 57.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 77 shares of the technology company’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. Carolinas Wealth Consulting LLC grew its holdings in MSCI by 37.5% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 99 shares of the technology company’s stock worth $50,000 after acquiring an additional 27 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of MSCI by 41.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 103 shares of the technology company’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.
About MSCI
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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