MSCI (NYSE:MSCI) Price Target Cut to $526.00

MSCI (NYSE:MSCI) had its price target decreased by analysts at The Goldman Sachs Group from $615.00 to $526.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 13.24% from the company’s current price.

Several other equities analysts have also recently commented on MSCI. StockNews.com cut shares of MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Raymond James reaffirmed a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and reduced their price target for the company from $620.00 to $470.00 in a report on Tuesday, February 20th. Oppenheimer reissued a “market perform” rating on shares of MSCI in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, MSCI currently has a consensus rating of “Hold” and a consensus target price of $562.87.

MSCI Trading Down 0.0 %

NYSE:MSCI opened at $464.49 on Wednesday. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.34 and a beta of 1.06. The business’s fifty day moving average price is $543.53 and its 200 day moving average price is $538.04.

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

Institutional Trading of MSCI

Hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. bought a new stake in shares of MSCI in the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in MSCI in the 1st quarter valued at $26,000. ORG Partners LLC grew its position in MSCI by 5,600.0% in the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after purchasing an additional 56 shares during the last quarter. Headinvest LLC bought a new position in shares of MSCI during the 3rd quarter worth about $30,000. Finally, American National Bank raised its position in shares of MSCI by 1,300.0% during the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after buying an additional 65 shares during the last quarter. 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.