Barclays Lowers MSCI (NYSE:MSCI) Price Target to $600.00

MSCI (NYSE:MSCI) had its price target lowered by equities researchers at Barclays from $700.00 to $600.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price suggests a potential upside of 28.33% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company upped their target price on MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $620.00 to $470.00 in a research note on Tuesday, February 20th. Oppenheimer reiterated a “market perform” rating on shares of MSCI in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and lowered their target price for the company from $613.00 to $569.00 in a research note on Wednesday. Finally, The Goldman Sachs Group cut their target price on MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, MSCI currently has a consensus rating of “Hold” and a consensus price target of $562.53.

MSCI Stock Up 4.8 %

MSCI stock traded up $21.55 during mid-day trading on Wednesday, hitting $467.55. The company had a trading volume of 1,296,380 shares, compared to its average volume of 516,737. The company has a 50-day moving average price of $547.91 and a 200 day moving average price of $539.08. MSCI has a 12-month low of $439.95 and a 12-month high of $617.39. The company has a market capitalization of $37.04 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 2.58 and a beta of 1.06.

MSCI (NYSE:MSCI) last announced 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 analysts’ expectations of $685.47 million. During the same quarter last year, the business earned $3.14 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts expect that MSCI will post 14.84 EPS for the current year.

Hedge Funds Weigh In On MSCI

Institutional investors and hedge funds have recently made changes to their positions in the business. Ronald Blue Trust Inc. boosted its stake in MSCI by 105.1% in the third quarter. Ronald Blue Trust Inc. now owns 80 shares of the technology company’s stock worth $41,000 after purchasing an additional 41 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of MSCI by 6.7% in the third quarter. Flagship Harbor Advisors LLC now owns 561 shares of the technology company’s stock valued at $288,000 after buying an additional 35 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in MSCI by 348.7% during the 3rd 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 raised its holdings in MSCI by 4.5% in the 3rd quarter. Caprock Group LLC now owns 669 shares of the technology company’s stock valued at $343,000 after acquiring an additional 29 shares in the last quarter. Finally, Czech National Bank raised its holdings in MSCI by 45.9% in the 3rd quarter. Czech National Bank now owns 13,823 shares of the technology company’s stock valued at $7,092,000 after acquiring 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.