MSCI (NYSE:MSCI) Price Target Raised to $662.00 at Morgan Stanley

MSCI (NYSE:MSCI) had its price target hoisted by equities researchers at Morgan Stanley from $640.00 to $662.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price objective suggests a potential upside of 15.93% from the company’s previous close.

Several other equities research analysts have also commented on the stock. UBS Group decreased their price objective on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Argus raised their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Finally, Barclays upped their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $624.23.

MSCI Stock Up 0.3 %

MSCI stock opened at $571.02 on Wednesday. MSCI has a 52 week low of $439.95 and a 52 week high of $631.70. The firm’s 50-day simple moving average is $580.07 and its 200 day simple moving average is $529.63. The firm has a market capitalization of $44.91 billion, a PE ratio of 38.25, a P/E/G ratio of 3.09 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The business had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. During the same period in the previous year, the firm earned $3.45 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts expect that MSCI will post 14.83 EPS for the current fiscal year.

Institutional Trading of MSCI

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Frank Rimerman Advisors LLC increased its holdings in shares of MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after buying an additional 17 shares during the last quarter. Conning Inc. increased its holdings in shares of MSCI by 4.1% during the 2nd quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after buying an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of MSCI by 3.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock worth $261,000 after buying an additional 20 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in MSCI by 3.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 618 shares of the technology company’s stock valued at $298,000 after purchasing an additional 21 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

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.