MSCI (NYSE:MSCI) Lowered to Hold (C+) Rating by Weiss Ratings

MSCI (NYSE:MSCI) was downgraded by stock analysts at Weiss Ratings from a “buy (b-)” rating to a “hold (c+)” rating in a research report issued on Saturday,Weiss Ratings reports.

MSCI has been the topic of several other reports. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. UBS Group raised their target price on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Evercore ISI raised their target price on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $647.70.

MSCI Stock Performance

MSCI stock opened at $542.82 on Friday. The firm has a market cap of $41.99 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. MSCI has a 1 year low of $486.73 and a 1 year high of $642.45. The stock has a 50-day simple moving average of $561.09 and a 200-day simple moving average of $559.32.

Institutional Trading of MSCI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. bought a new stake in shares of MSCI in the 3rd quarter worth $27,000. MGO One Seven LLC bought a new stake in shares of MSCI in the 3rd quarter worth $221,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of MSCI by 4.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 33,729 shares of the technology company’s stock worth $18,172,000 after purchasing an additional 1,449 shares during the period. Tema Etfs LLC raised its position in shares of MSCI by 57.6% during the third quarter. Tema Etfs LLC now owns 4,920 shares of the technology company’s stock worth $2,792,000 after purchasing an additional 1,798 shares during the period. Finally, Freedom Day Solutions LLC raised its position in shares of MSCI by 1.8% during the third quarter. Freedom Day Solutions LLC now owns 4,767 shares of the technology company’s stock worth $2,705,000 after purchasing an additional 86 shares during the period. Institutional investors 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.