MSCI (NYSE:MSCI – Get Free Report) had its price target increased by JPMorgan Chase & Co. from $700.00 to $742.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 18.34% from the stock’s current price.
Several other analysts also recently commented on the company. Raymond James Financial raised their price objective on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Jefferies Financial Group began coverage on MSCI in a research note on Friday. They issued a “buy” rating and a $760.00 target price for the company. Morgan Stanley raised their price target on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. UBS Group lifted their price objective on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company upgraded MSCI from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $650.00 to $700.00 in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $718.67.
View Our Latest Research Report on MSCI
MSCI Stock Down 0.3%
MSCI (NYSE:MSCI – Get Free Report) last posted its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. The company had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $4.00 earnings per share. Analysts anticipate that MSCI will post 19.84 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the transaction, the insider directly owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. This represents a 29.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.76% of the company’s stock.
Institutional Trading of MSCI
Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its position in MSCI by 7.6% in the 1st quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP boosted its position in MSCI by 39.0% during the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after acquiring an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of MSCI by 20.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after acquiring an additional 182 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of MSCI by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock worth $20,261,000 after acquiring an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of MSCI in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
MSCI Company Profile
MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.
Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.
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