MSCI (NYSE:MSCI) Price Target Lowered to $680.00 at JPMorgan Chase & Co.

MSCI (NYSE:MSCI) had its price target reduced by research analysts at JPMorgan Chase & Co. from $700.00 to $680.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.97% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Barclays cut their price target on MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a report on Thursday. Evercore ISI started coverage on MSCI in a report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Morgan Stanley raised their price target on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $646.38.

MSCI Price Performance

Shares of NYSE:MSCI traded up $3.60 during trading on Thursday, hitting $596.65. 77,062 shares of the company’s stock were exchanged, compared to its average volume of 445,669. The company has a market cap of $46.76 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.78 and a beta of 1.11. The business’s 50-day simple moving average is $606.80 and its 200 day simple moving average is $581.51. MSCI has a 52-week low of $439.95 and a 52-week high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. During the same quarter in the previous year, the firm posted $3.68 earnings per share. On average, sell-side analysts anticipate that MSCI will post 14.99 EPS for the current fiscal year.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of MSCI stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the purchase, the chief executive officer now directly owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. This represents a 0.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On MSCI

A number of large investors have recently bought and sold shares of MSCI. Frank Rimerman Advisors LLC grew its holdings in MSCI by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after purchasing an additional 17 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in MSCI by 4.2% in the fourth quarter. CWA Asset Management Group LLC now owns 418 shares of the technology company’s stock worth $251,000 after purchasing an additional 17 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in MSCI by 3.6% in the fourth quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company’s stock worth $295,000 after purchasing an additional 17 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in MSCI by 0.9% in the fourth quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 19 shares during the last quarter. Finally, Planning Capital Management Corp grew its holdings in MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the last quarter. 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.