Bank of America Cuts MSCI (NYSE:MSCI) Price Target to $425.00

MSCI (NYSE:MSCI) had its price target reduced by research analysts at Bank of America from $530.00 to $425.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “underperform” rating on the technology company’s stock. Bank of America‘s target price would indicate a potential downside of 4.73% from the company’s current price.

Several other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of MSCI from a “hold” rating to a “buy” rating and decreased their price target for the company from $613.00 to $569.00 in a report on Wednesday. Barclays lifted their price target on shares of MSCI from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Oppenheimer reaffirmed a “market perform” rating on shares of MSCI in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of MSCI from $615.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $575.27.

MSCI Price Performance

Shares of MSCI stock opened at $446.09 on Wednesday. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39. The firm has a fifty day moving average of $547.91 and a two-hundred day moving average of $539.08. The firm has a market cap of $35.34 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.58 and a beta of 1.06.

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

Institutional Trading of MSCI

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings in shares of MSCI by 12.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 165 shares of the technology company’s stock worth $93,000 after purchasing an additional 18 shares in the last quarter. Legacy Advisors LLC raised its holdings in shares of MSCI by 2.8% in the 4th quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock worth $376,000 after purchasing an additional 18 shares in the last quarter. Quent Capital LLC raised its holdings in shares of MSCI by 23.5% in the 4th quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock worth $57,000 after purchasing an additional 19 shares in the last quarter. Balentine LLC raised its holdings in shares of MSCI by 3.6% in the 3rd quarter. Balentine LLC now owns 572 shares of the technology company’s stock worth $293,000 after purchasing an additional 20 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its holdings in shares of MSCI by 1.0% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock worth $1,177,000 after purchasing an additional 20 shares in the last quarter. 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.