Msci (NYSE:MSCI) Downgraded by UBS Group

UBS Group lowered shares of Msci (NYSE:MSCI) from a buy rating to a neutral rating in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $258.00 target price on the technology company’s stock, up from their prior target price of $234.00.

A number of other analysts have also recently issued reports on MSCI. Morgan Stanley reissued an overweight rating and issued a GBX 4,000 ($52.27) price objective on shares of in a research note on Thursday, June 13th. Barclays restated a buy rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Zacks Investment Research upgraded shares of Key Energy Services from a hold rating to a buy rating and set a $4.50 target price for the company in a research report on Wednesday, March 13th. Finally, Cantor Fitzgerald restated a hold rating and set a $8.00 target price on shares of Pacific Biosciences of California in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $215.50.

Shares of NYSE MSCI traded up $2.28 during midday trading on Monday, reaching $240.28. The stock had a trading volume of 290,191 shares, compared to its average volume of 590,345. The business’s 50-day simple moving average is $232.67. The company has a market cap of $20.15 billion, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 3.84 and a beta of 1.14. Msci has a 12-month low of $134.28 and a 12-month high of $246.07.

Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.15. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. As a group, equities research analysts anticipate that Msci will post 6.32 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in MSCI. Norges Bank bought a new stake in shares of Msci in the 4th quarter worth about $138,000,000. JPMorgan Chase & Co. lifted its holdings in shares of Msci by 223.4% in the 1st quarter. JPMorgan Chase & Co. now owns 728,117 shares of the technology company’s stock worth $144,779,000 after acquiring an additional 502,999 shares during the last quarter. American Century Companies Inc. increased its stake in Msci by 22.5% in the 1st quarter. American Century Companies Inc. now owns 1,979,124 shares of the technology company’s stock worth $393,529,000 after buying an additional 363,875 shares during the period. DSM Capital Partners LLC increased its stake in Msci by 24.6% in the 4th quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock worth $184,593,000 after buying an additional 247,304 shares during the period. Finally, Pennsylvania Trust Co increased its stake in Msci by 658.4% in the 1st quarter. Pennsylvania Trust Co now owns 251,635 shares of the technology company’s stock worth $30,833,000 after buying an additional 218,456 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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.

See Also: Back-End Load

Analyst Recommendations for Msci (NYSE:MSCI)

Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.