MSCI’s (MSCI) “Market Perform” Rating Reiterated at Oppenheimer

MSCI (NYSE:MSCI)‘s stock had its “market perform” rating reissued by analysts at Oppenheimer in a research report issued on Wednesday, MarketBeat reports.

Several other research firms have also commented on MSCI. 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. StockNews.com lowered MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their price target on MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Raymond James reissued a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Finally, Barclays boosted their price target on MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, MSCI currently has an average rating of “Hold” and an average target price of $562.87.

MSCI Trading Down 0.0 %

Shares of MSCI stock opened at $464.49 on Wednesday. MSCI has a twelve month low of $439.95 and a twelve month high of $617.39. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.34 and a beta of 1.06. The stock has a fifty day simple moving average of $543.53 and a two-hundred day simple moving average of $538.04.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MSCI. Optiver Holding B.V. acquired a new position in shares of MSCI in the third quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of MSCI in the first quarter valued at about $26,000. ORG Partners LLC increased its holdings 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 acquired a new position in shares of MSCI in the third quarter valued at about $30,000. Finally, American National Bank increased its holdings 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. 89.97% of the stock is owned by institutional investors and hedge funds.

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.