MSCI (NYSE:MSCI) Price Target Lowered to $532.00 at Wells Fargo & Company

MSCI (NYSE:MSCI - Get Free Report) had its target price lowered by equities researchers at Wells Fargo & Company from $623.00 to $532.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price objective points to a potential downside of 3.49% from the stock's current price.

Several other brokerages have also issued reports on MSCI. Royal Bank of Canada reissued an "outperform" rating and issued a $675.00 price target on shares of MSCI in a report on Thursday, January 30th. Wolfe Research raised MSCI from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on MSCI from $700.00 to $680.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. The Goldman Sachs Group upgraded MSCI from a "neutral" rating to a "buy" rating and upped their price target for the company from $617.00 to $723.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley lifted their price objective on MSCI from $662.00 to $695.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $646.58.

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MSCI Stock Up 1.8 %

MSCI stock traded up $9.53 during mid-day trading on Wednesday, reaching $551.23. The company had a trading volume of 484,220 shares, compared to its average volume of 585,217. The firm has a market cap of $42.80 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.61 and a beta of 1.30. The company has a 50 day moving average of $562.15 and a 200-day moving average of $586.85. MSCI has a 52 week low of $439.95 and a 52 week high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter last year, the business earned $3.68 EPS. On average, analysts predict that MSCI will post 16.86 earnings per share for the current fiscal year.

Insider Buying and Selling at MSCI

In related news, CEO Henry A. Fernandez purchased 5,300 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $574.51 per share, with a total value of $3,044,903.00. Following the purchase, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. The trade was a 0.42 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO Cd Baer Pettit sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $524.25, for a total transaction of $2,621,250.00. Following the transaction, the chief operating officer now owns 294,787 shares of the company's stock, valued at approximately $154,542,084.75. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

Institutional Investors Weigh In On MSCI

Several large investors have recently modified their holdings of MSCI. CWA Asset Management Group LLC increased its stake in MSCI by 4.2% during the 4th 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 in the last quarter. Angeles Wealth Management LLC boosted its position in MSCI by 3.6% during the 4th quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company's stock worth $295,000 after acquiring an additional 17 shares during the last quarter. Bleakley Financial Group LLC grew its position in MSCI by 0.9% in the fourth quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company's stock valued at $1,227,000 after purchasing an additional 19 shares in the last quarter. Perigon Wealth Management LLC lifted its position in MSCI by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 575 shares of the technology company's stock worth $351,000 after buying an additional 20 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in shares of MSCI by 0.6% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 3,325 shares of the technology company's stock worth $1,995,000 after buying an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Company Profile

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.