MSCI (NYSE:MSCI) Price Target Cut to $520.00 by Analysts at Royal Bank of Canada

MSCI (NYSE:MSCIGet Rating) had its price objective decreased by Royal Bank of Canada from $600.00 to $520.00 in a report released on Tuesday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the technology company’s stock.

A number of other research firms also recently weighed in on MSCI. Barclays decreased their price objective on MSCI from $570.00 to $470.00 and set an overweight rating for the company in a report on Friday, June 24th. Raymond James upgraded shares of MSCI from a market perform rating to an outperform rating and set a $515.00 target price on the stock in a report on Thursday, April 28th. Redburn Partners assumed coverage on shares of MSCI in a report on Tuesday, May 17th. They issued a buy rating on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th. Finally, The Goldman Sachs Group assumed coverage on MSCI in a report on Friday, April 1st. They issued a neutral rating and a $553.00 target price for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, MSCI currently has a consensus rating of Moderate Buy and an average target price of $532.86.

NYSE:MSCI opened at $417.72 on Tuesday. The company has a market cap of $33.95 billion, a PE ratio of 45.80 and a beta of 1.07. MSCI has a 52-week low of $376.41 and a 52-week high of $679.85. The stock has a 50-day simple moving average of $416.77 and a 200 day simple moving average of $488.31.

MSCI (NYSE:MSCIGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The technology company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.24. The firm had revenue of $559.90 million for the quarter, compared to analyst estimates of $563.18 million. MSCI had a negative return on equity of 205.88% and a net margin of 35.65%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $2.46 EPS. On average, research analysts anticipate that MSCI will post 11.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Friday, May 13th were issued a $1.04 dividend. The ex-dividend date was Thursday, May 12th. This represents a $4.16 annualized dividend and a yield of 1.00%. MSCI’s payout ratio is currently 45.61%.

A number of large investors have recently made changes to their positions in MSCI. Squarepoint Ops LLC boosted its holdings in MSCI by 65.5% in the third quarter. Squarepoint Ops LLC now owns 1,976 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 782 shares in the last quarter. Captrust Financial Advisors boosted its stake in MSCI by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,195 shares of the technology company’s stock valued at $727,000 after purchasing an additional 85 shares during the last quarter. Moors & Cabot Inc. bought a new stake in MSCI during the 3rd quarter worth approximately $51,000. UBS Asset Management Americas Inc. raised its stake in shares of MSCI by 5.0% in the third quarter. UBS Asset Management Americas Inc. now owns 467,099 shares of the technology company’s stock worth $284,155,000 after purchasing an additional 22,216 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of MSCI by 7.3% in the fourth quarter. DNB Asset Management AS now owns 11,901 shares of the technology company’s stock valued at $7,292,000 after purchasing an additional 808 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

About MSCI (Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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