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Morgan Stanley raises MSCI (NYSE:MSCI) price target to $518.00

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MSCI (NYSE: MSCI – Get an Assessment) had its price target raised by Morgan Stanley investment analysts from $500.00 to $518.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on shares of the technology company. Morgan Stanley’s price target indicates a potential upside of 10.95% from the company’s current price.

Several other equity analysts also commented on MSCI. Barclays raised its target price on MSCI from $470.00 to $600.00 and gave the company an “overweight” rating in a Friday, Dec. 2 research note. Oppenheimer cut his price target on MSCI shares to $504.00 in a Wednesday, Oct. 5 report. JPMorgan Chase & Co. launched a hedge on MSCI shares in a report on Tuesday, December 13. They issued an “overweight” rating and a target price of $580.00 for the company. StockNews.com launched coverage on MSCI stocks in a research report on Wednesday, October 12. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised its price target on MSCI shares from $423.00 to $459.00 in a Thursday, October 27 report. Four equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $529.20.

MSCI shares up 1.2%

NYSE:MSCI shares traded at $5.71 during Wednesday’s trading, hitting $466.87. The stock had a trading volume of 3,552 shares, compared to an average volume of 411,961. The stock has a market capitalization of $37.33 billion, a P/E ratio of 44.83 and a beta of 1.11. The company has a fifty-day moving average price of $483.14 and a 200-day moving average price of $458.35. MSCI has a fifty-two week low of $376.41 and a fifty-two week high of $606.32.

MSCI (NYSE:MSCI – Get Rating) last released its results on Tuesday, October 25. The technology company reported EPS of $2.85 for the quarter, beating the consensus estimate of $2.76 by $0.09. MSCI had a net margin of 38.23% and a negative return on equity of 115.88%. The company posted revenue of $560.64 million in the quarter, compared to $564.96 million expected by analysts. As a group, equity analysts expect MSCI to post EPS of 11.31 for the current year.

Insider Activity at MSCI

Separately, CFO Andrew C. Wiechmann sold 1,100 shares of the company in a trade that took place on Thursday, November 3. The stock was sold at an average price of $453.38, for a total transaction of $498,718.00. Following the transaction, the CFO now directly owns 15,908 shares of the company, valued at approximately $7,212,369.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, Chief Financial Officer Andrew C. Wiechmann sold 1,100 shares of the company in a trade on Thursday, November 3. The shares were sold at an average price of $453.38, for a total value of $498,718.00. Following completion of the transaction, the CFO now directly owns 15,908 shares of the company, valued at $7,212,369.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Scott A. Crum sold 7,500 shares of the company in a trade on Thursday, October 27. The shares were sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the sale, the insider now directly owns 19,908 shares of the company, valued at $9,157,680. The disclosure of this sale can be found here. 3.02% of the shares are held by insiders.

Institutional entries and exits

A number of institutional investors and hedge funds have been buying and selling MSCI shares recently. AdvisorNet Financial Inc raised its position in MSCI shares by 178.3% in the second quarter. AdvisorNet Financial Inc now owns 64 shares of the tech company valued at $26,000 after buying 41 more shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in MSCI in the second quarter worth $31,000. Parkside Financial Bank & Trust increased its stake in MSCI by 57.1% in the third quarter. Parkside Financial Bank & Trust now owns 77 shares of the technology company valued at $32,000 after acquiring 28 more shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in MSCI by 37.5% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 99 shares of the technology company worth $50,000 after acquiring 27 additional shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in MSCI shares by 41.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 103 shares of the technology company worth $43,000 after buying 30 more shares in the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s shares.

About MSCI

(Get a rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Others – Private Assets. The Index segment provides indices for use in various areas of the investment process, including the creation of indexed products, such as ETFs, mutual funds, annuities, futures, options, structured products , OTC derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as GICS and GICS Direct licensing.

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