MSCI (NYSE:MSCI – Get Free Report) had its price objective boosted by stock analysts at Rothschild & Co Redburn from $670.00 to $680.00 in a note issued to investors on Monday. Rothschild & Co Redburn‘s price objective would suggest a potential upside of 9.80% from the company’s current price.
Other research analysts also recently issued research reports about the company. William Blair set a $680.00 price objective on MSCI in a research note on Tuesday, October 20th. UBS Group set a $615.00 target price on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $680.00 target price on shares of MSCI in a research note on Wednesday, October 21st. Wells Fargo & Company boosted their price target on shares of MSCI from $685.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Bank of America increased their price target on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $677.27.
View Our Latest Analysis on MSCI
MSCI Trading Up 0.6%
Shares of MSCI stock traded up $3.68 during trading on Monday, hitting $619.30. The company’s stock had a trading volume of 91,593 shares, compared to its average volume of 637,603. The company has a market cap of $44.28 billion, a PE ratio of 32.80, a P/E/G ratio of 2.38 and a beta of 1.24. The business has a fifty day moving average of $562.17 and a 200-day moving average of $577.65. MSCI has a 52 week low of $501.08 and a 52 week high of $644.77.
MSCI (NYSE:MSCI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The technology company reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $5.03 by $0.08. The business had revenue of $892.00 million for the quarter, compared to analyst estimates of $887.83 million. MSCI had a negative return on equity of 50.69% and a net margin of 40.31%. MSCI’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $4.47 earnings per share. As a group, research analysts predict that MSCI will post 19.62 EPS for the current year.
Insider Buying and Selling
In other MSCI news, CFO Andrew Wiechmann sold 450 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $570.00, for a total value of $256,500.00. Following the sale, the chief financial officer directly owned 21,644 shares in the company, valued at $12,337,080. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.76% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of MSCI. Burkett Financial Services LLC grew its position in shares of MSCI by 200.0% in the third quarter. Burkett Financial Services LLC now owns 48 shares of the technology company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. Ancora Advisors LLC purchased a new stake in MSCI during the 2nd quarter worth about $27,000. Compound Global Advisors LLC bought a new position in MSCI in the 2nd quarter worth about $34,000. Whipplewood Advisors LLC bought a new position in MSCI in the 1st quarter worth about $39,000. Finally, Washington Trust Advisors Inc. bought a new position in MSCI in the 2nd quarter worth about $41,000. 89.97% of the stock is owned by institutional investors.
About MSCI
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.
See Also
- Five stocks we like better than MSCI
- 3 Companies With Room to Pass on Costs to Manage Inflation
- Not All Tech Is Getting Crushed: 5 Names Holding Up Through the AI Sell-Off
- Actively Managed ETFs Are Giving In to the Price War—To the Benefit of Investors
- Valero’s Windfall Quarter Meets Washington’s Push for Cheaper Diesel
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.
