JPMorgan Chase & Co. Issues Positive Forecast for MSCI (NYSE:MSCI) Stock Price

MSCI (NYSE:MSCI) had its price target increased by JPMorgan Chase & Co. from $700.00 to $742.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other research firms have also weighed in on MSCI. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research note on Thursday, June 18th. UBS Group raised their target price on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Raymond James Financial boosted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America upped their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Barclays increased their price objective on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and an average price target of $718.67.

MSCI Stock Down 0.7%

Shares of NYSE MSCI opened at $624.14 on Monday. MSCI has a twelve month low of $501.08 and a twelve month high of $644.77. The firm has a market cap of $45.44 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The business has a fifty day simple moving average of $597.67 and a two-hundred day simple moving average of $577.13.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $0.17. The business had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.00 EPS. On average, research analysts expect that MSCI will post 19.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the sale, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.76% of the stock is currently owned by insiders.

Institutional Trading of MSCI

Several hedge funds have recently modified their holdings of MSCI. Norges Bank purchased a new stake in shares of MSCI during the fourth quarter worth about $528,560,000. Bamco Inc. NY raised its position in shares of MSCI by 15.1% in the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after purchasing an additional 361,630 shares during the last quarter. Banque Pictet & Cie SA raised its position in shares of MSCI by 103.3% in the 4th quarter. Banque Pictet & Cie SA now owns 523,035 shares of the technology company’s stock valued at $300,081,000 after purchasing an additional 265,750 shares during the last quarter. Generation Investment Management LLP acquired a new stake in MSCI in the 4th quarter worth approximately $130,380,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.