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.
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.
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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