MSCI (NYSE:MSCI) PT Raised to $600.00 at Wells Fargo & Company

MSCI (NYSE:MSCI) had its price target lifted by Wells Fargo & Company from $570.00 to $600.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 0.00% from the stock’s current price.

Several other equities research analysts also recently issued reports on MSCI. 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. Barclays lifted their price target on shares of MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. The Goldman Sachs Group upped their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Argus raised their price objective on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, MSCI has an average rating of “Moderate Buy” and an average target price of $614.14.

MSCI Stock Up 0.1 %

MSCI opened at $600.03 on Friday. The firm has a market capitalization of $47.19 billion, a P/E ratio of 40.15, a P/E/G ratio of 3.21 and a beta of 1.11. The firm’s 50 day moving average is $564.75 and its 200-day moving average is $524.39. MSCI has a 52-week low of $439.95 and a 52-week high of $617.39.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The firm had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 EPS. Equities analysts expect that MSCI will post 14.8 earnings per share for the current fiscal year.

Institutional Trading of MSCI

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in MSCI during the 1st quarter valued at about $26,000. Rothschild Investment LLC bought a new stake in shares of MSCI during the second quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of MSCI during the second quarter worth approximately $27,000. Crewe Advisors LLC bought a new position in MSCI in the 1st quarter worth approximately $34,000. Finally, Ridgewood Investments LLC bought a new position in MSCI in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

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.