MSCI (NYSE:MSCI) Given New $680.00 Price Target at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn raised MSCI’s price target from $670 to $680, implying approximately 9.8% upside from the stock’s reported $619.30 price.
• Analyst sentiment remains positive, with one Strong Buy and 12 Buy ratings; MSCI has an average rating of “Buy” and a consensus target of $677.27.
• MSCI exceeded quarterly expectations, reporting adjusted EPS of $5.11 versus $5.03 expected and revenue of $892 million, up 12.4% year over year.

MSCI (NYSE:MSCI - Get Free Report) had its price objective lifted by analysts at Rothschild & Co Redburn from $670.00 to $680.00 in a report released on Monday. Rothschild & Co Redburn's price target indicates a potential upside of 9.80% from the stock's current price.

Several other equities analysts also recently issued reports on MSCI. Evercore set a $722.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $680.00 price objective on shares of MSCI in a research note on Wednesday, October 21st. Morgan Stanley increased their price objective on MSCI from $662.00 to $671.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. UBS Group set a $615.00 target price on MSCI in a report on Wednesday, July 22nd. Finally, William Blair set a $680.00 target price on MSCI in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $677.27.

MSCI Stock Performance

Shares of NYSE:MSCI traded up $3.68 during midday trading on Monday, hitting $619.30. 91,593 shares of the stock were exchanged, compared to its average volume of 637,603. The stock has a market capitalization of $44.28 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 2.38 and a beta of 1.24. The business's 50-day moving average price is $562.17 and its 200 day moving average price is $577.65. MSCI has a 12 month low of $501.08 and a 12 month high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The technology company reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.03 by $0.08. MSCI had a net margin of 40.31% and a negative return on equity of 50.69%. The business had revenue of $892.00 million during the quarter, compared to analyst estimates of $887.83 million. During the same quarter last year, the business earned $4.47 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that MSCI will post 19.62 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Andrew Wiechmann sold 450 shares of MSCI stock in a transaction on Monday, October 12th. The shares were sold at an average price of $570.00, for a total transaction of $256,500.00. Following the completion of the transaction, the chief financial officer owned 21,644 shares of the company's stock, valued at $12,337,080. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.76% of the stock is owned by corporate insiders.

Institutional Trading of MSCI

A number of institutional investors have recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in MSCI by 1.6% during the third quarter. Apollon Wealth Management LLC now owns 3,727 shares of the technology company's stock worth $2,007,000 after purchasing an additional 57 shares during the period. Signaturefd LLC lifted its stake in shares of MSCI by 7.0% in the third quarter. Signaturefd LLC now owns 1,303 shares of the technology company's stock valued at $702,000 after buying an additional 85 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in MSCI by 39.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,992 shares of the technology company's stock worth $1,073,000 after purchasing an additional 564 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in MSCI by 3.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 777 shares of the technology company's stock valued at $419,000 after buying an additional 27 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of MSCI by 0.5% in the third quarter. Yousif Capital Management LLC now owns 6,949 shares of the technology company's stock valued at $3,743,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 89.97% of the company's stock.

MSCI Company Profile

MSCI Inc NYSE: MSCI is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.

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