Wells Fargo & Company Initiates Coverage on MSCI (NYSE:MSCI)

Investment analysts at Wells Fargo & Company assumed coverage on shares of MSCI (NYSE:MSCI) in a research note issued on Monday, Benzinga reports. The brokerage set an “equal weight” rating and a $570.00 price target on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 7.06% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Argus lifted their target price on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America upgraded MSCI from an “underperform” rating to a “neutral” rating and raised their price target for the company from $425.00 to $525.00 in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and cut their price objective for the stock from $613.00 to $569.00 in a report on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of MSCI in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their target price on MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $584.79.

MSCI Trading Down 0.3 %

Shares of MSCI stock traded down $1.42 during trading on Monday, hitting $532.41. The stock had a trading volume of 441,335 shares, compared to its average volume of 579,520. MSCI has a 12 month low of $439.95 and a 12 month high of $617.39. The firm has a market cap of $42.18 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 3.00 and a beta of 1.10. The business’s 50-day moving average is $503.32 and its 200 day moving average is $523.16.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million for the quarter, compared to analyst estimates of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.26 EPS. As a group, equities analysts expect that MSCI will post 14.78 EPS for the current year.

Institutional Investors Weigh In On MSCI

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of MSCI by 13,659.5% during the fourth quarter. International Assets Investment Management LLC now owns 10,182 shares of the technology company’s stock valued at $5,759,000 after buying an additional 10,108 shares during the period. Cerity Partners LLC raised its position in shares of MSCI by 11.0% in the 4th quarter. Cerity Partners LLC now owns 7,679 shares of the technology company’s stock worth $4,344,000 after acquiring an additional 761 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of MSCI by 16.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 637 shares of the technology company’s stock valued at $360,000 after purchasing an additional 92 shares during the period. Graypoint LLC boosted its position in shares of MSCI by 16.7% during the fourth quarter. Graypoint LLC now owns 677 shares of the technology company’s stock valued at $383,000 after purchasing an additional 97 shares in the last quarter. Finally, Simplicity Solutions LLC grew its stake in MSCI by 6.3% in the fourth quarter. Simplicity Solutions LLC now owns 2,330 shares of the technology company’s stock worth $1,318,000 after purchasing an additional 138 shares during the period. 89.97% of the stock is currently owned by 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.