Brokerages Set MSCI Inc. (NYSE:MSCI) PT at $615.23

Shares of MSCI Inc. (NYSE:MSCI) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $615.23.

A number of equities research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. UBS Group lifted their price target on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company increased their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th.

MSCI Price Performance

NYSE:MSCI opened at $590.25 on Tuesday. The business’s 50-day moving average is $577.70 and its two-hundred day moving average is $527.77. The firm has a market capitalization of $46.76 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. MSCI has a 12 month low of $439.95 and a 12 month high of $617.39.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.55 by $0.09. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. During the same period last year, the business posted $3.26 EPS. The company’s revenue was up 14.0% on a year-over-year basis. Equities analysts anticipate that MSCI will post 14.8 EPS for the current year.

Institutional Trading of MSCI

Several hedge funds have recently made changes to their positions in MSCI. RFG Advisory LLC lifted its stake in MSCI by 4.3% in the first quarter. RFG Advisory LLC now owns 1,086 shares of the technology company’s stock valued at $609,000 after buying an additional 45 shares during the last quarter. Riverview Trust Co acquired a new position in MSCI during the 1st quarter valued at about $75,000. Aspiriant LLC bought a new position in MSCI in the 1st quarter worth about $229,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of MSCI by 4.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,615 shares of the technology company’s stock valued at $2,026,000 after purchasing an additional 165 shares during the period. Finally, Toth Financial Advisory Corp raised its holdings in shares of MSCI by 21.1% during the first quarter. Toth Financial Advisory Corp now owns 172 shares of the technology company’s stock valued at $96,000 after buying an additional 30 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

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.