Morgan Stanley Boosts Msci (NYSE:MSCI) Price Target to $240.00

Msci (NYSE:MSCI) had its price target lifted by Morgan Stanley from $223.00 to $240.00 in a report published on Friday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other research analysts have also issued reports on MSCI. Barclays reiterated a buy rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. UBS Group upped their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company a neutral rating in a research note on Monday, July 8th. Finally, Cantor Fitzgerald reissued a hold rating and set a $8.00 price objective on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $217.63.

Msci stock opened at $240.98 on Friday. The stock has a market cap of $20.41 billion, a PE ratio of 43.74, a P/E/G ratio of 3.82 and a beta of 1.14. The stock’s fifty day moving average price is $236.78. Msci has a 12-month low of $134.28 and a 12-month high of $247.57.

Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The business had revenue of $371.38 million during the quarter, compared to analysts’ expectations of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. As a group, analysts anticipate that Msci will post 6.31 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in Msci during the second quarter worth approximately $352,000. Davy Asset Management Ltd acquired a new position in Msci during the second quarter worth approximately $2,303,000. Bessemer Group Inc. increased its position in Msci by 3,604.0% during the second quarter. Bessemer Group Inc. now owns 10,149 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 9,875 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Msci in the second quarter worth $219,000. Finally, Meridian Wealth Management LLC increased its position in shares of Msci by 7.3% in the second quarter. Meridian Wealth Management LLC now owns 1,664 shares of the technology company’s stock worth $397,000 after acquiring an additional 113 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

Msci Company Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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