MSCI’s (MSCI) “Market Perform” Rating Reaffirmed at Oppenheimer

MSCI (NYSE:MSCI)‘s stock had its “market perform” rating restated by investment analysts at Oppenheimer in a research report issued on Wednesday, MarketBeat.com reports.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group lifted their price target on MSCI from $544.00 to $617.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Raymond James restated a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Barclays raised their price objective on shares of MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. StockNews.com downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price objective on shares of MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $586.00.

MSCI Stock Performance

MSCI stock opened at $446.09 on Wednesday. MSCI has a 52 week low of $439.95 and a 52 week high of $617.39. The stock has a market capitalization of $35.34 billion, a P/E ratio of 30.98, a PEG ratio of 2.58 and a beta of 1.06. The stock has a 50-day simple moving average of $547.91 and a 200 day simple moving average of $539.08.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.06. MSCI had a negative return on equity of 111.17% and a net margin of 45.42%. The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter last year, the company posted $3.14 earnings per share. MSCI’s quarterly revenue was up 14.8% on a year-over-year basis. Research analysts forecast that MSCI will post 14.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MSCI. Optiver Holding B.V. acquired a new position in MSCI during the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of MSCI in the first quarter worth $26,000. ORG Partners LLC boosted its position in MSCI by 5,600.0% during the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after acquiring an additional 56 shares during the last quarter. Headinvest LLC bought a new stake in MSCI during the third quarter valued at $30,000. Finally, American National Bank boosted its position in MSCI by 1,300.0% during the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after acquiring an additional 65 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

About MSCI

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.