UBS Group Lowers Msci (NYSE:MSCI) to Neutral

UBS Group lowered shares of Msci (NYSE:MSCI) from a buy rating to a neutral rating in a research note published on Monday, BenzingaRatingsTable reports. They currently have $258.00 price target on the technology company’s stock, up from their previous price target of $234.00.

Several other brokerages have also commented on MSCI. Barclays reaffirmed a buy rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Cantor Fitzgerald reaffirmed a hold rating and issued a $8.00 price target on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Zacks Investment Research raised Key Energy Services from a hold rating to a buy rating and set a $4.50 price target on the stock in a research note on Wednesday, March 13th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a GBX 4,000 ($52.27) price target on shares of in a research note on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Msci presently has a consensus rating of Buy and an average price target of $215.50.

Shares of Msci stock opened at $240.28 on Monday. Msci has a 52 week low of $134.28 and a 52 week high of $246.07. The company has a fifty day simple moving average of $232.94. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 3.77 and a beta of 1.13.

Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Msci had a return on equity of 813.48% and a net margin of 39.27%. The business had revenue of $371.38 million for the quarter, compared to analyst estimates of $371.48 million. During the same quarter in the prior year, the company posted $1.31 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts forecast that Msci will post 6.32 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fiera Capital Corp lifted its stake in Msci by 2.1% during the 1st quarter. Fiera Capital Corp now owns 3,590,361 shares of the technology company’s stock worth $713,908,000 after acquiring an additional 73,967 shares in the last quarter. American Century Companies Inc. lifted its stake in Msci by 22.5% during the 1st quarter. American Century Companies Inc. now owns 1,979,124 shares of the technology company’s stock worth $393,529,000 after acquiring an additional 363,875 shares in the last quarter. DSM Capital Partners LLC lifted its stake in Msci by 24.6% during the 4th quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock worth $184,593,000 after acquiring an additional 247,304 shares in the last quarter. Geode Capital Management LLC lifted its stake in Msci by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,158,543 shares of the technology company’s stock worth $170,508,000 after acquiring an additional 30,881 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Msci by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,002,149 shares of the technology company’s stock worth $199,267,000 after acquiring an additional 35,095 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

About Msci

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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Analyst Recommendations for Msci (NYSE:MSCI)

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