MSCI (NYSE:MSCI) PT Lowered to $575.00

MSCI (NYSE:MSCI - Get Free Report) had its price objective reduced by stock analysts at UBS Group from $700.00 to $575.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. UBS Group's price target would indicate a potential upside of 23.71% from the company's previous close.

A number of other research firms also recently issued reports on MSCI. The Goldman Sachs Group decreased their price objective on shares of MSCI from $615.00 to $526.00 and set a "neutral" rating for the company in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of MSCI from $615.00 to $660.00 and gave the stock an "overweight" rating in a report on Wednesday, January 31st. Oppenheimer reissued a "market perform" rating on shares of MSCI in a report on Wednesday. Bank of America lowered their target price on MSCI from $530.00 to $425.00 and set an "underperform" rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded MSCI from a "hold" rating to a "buy" rating and cut their price target for the stock from $613.00 to $569.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $562.87.

MSCI Stock Up 4.2 %

NYSE:MSCI traded up $18.81 during trading hours on Wednesday, hitting $464.81. 2,230,013 shares of the company traded hands, compared to its average volume of 529,352. The firm's 50-day simple moving average is $547.91 and its 200-day simple moving average is $539.08. MSCI has a one year low of $439.95 and a one year high of $617.39. The company has a market cap of $36.82 billion, a PE ratio of 32.27, a PEG ratio of 2.58 and a beta of 1.06.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.44 by $0.08. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter last year, the business posted $3.14 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that MSCI will post 14.84 EPS for the current year.

Hedge Funds Weigh In On MSCI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSCI. Ronald Blue Trust Inc. increased its holdings in shares of MSCI by 105.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 80 shares of the technology company's stock worth $41,000 after buying an additional 41 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in MSCI by 6.7% during the third quarter. Flagship Harbor Advisors LLC now owns 561 shares of the technology company's stock valued at $288,000 after purchasing an additional 35 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in MSCI by 348.7% during the third quarter. Exchange Traded Concepts LLC now owns 341 shares of the technology company's stock worth $175,000 after purchasing an additional 265 shares during the last quarter. Caprock Group LLC lifted its stake in MSCI by 4.5% during the third quarter. Caprock Group LLC now owns 669 shares of the technology company's stock worth $343,000 after purchasing an additional 29 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of MSCI by 45.9% in the 3rd quarter. Czech National Bank now owns 13,823 shares of the technology company's stock worth $7,092,000 after purchasing an additional 4,346 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

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.