JPMorgan Chase & Co. Has Lowered Expectations for MSCI (NYSE:MSCI) Stock Price

MSCI (NYSE:MSCI) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $700.00 to $685.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.42% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Bank of America increased their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. UBS Group set a $615.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Wells Fargo & Company reduced their target price on MSCI from $690.00 to $685.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $701.17.

MSCI Price Performance

NYSE MSCI traded down $1.25 during mid-day trading on Wednesday, hitting $559.57. The stock had a trading volume of 155,150 shares, compared to its average volume of 629,979. The firm’s 50 day moving average is $558.89 and its 200 day moving average is $574.85. The stock has a market capitalization of $40.68 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.15 and a beta of 1.24. MSCI has a twelve month low of $501.08 and a twelve month high of $644.77.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The company had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.17 EPS. As a group, equities research analysts expect that MSCI will post 19.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV raised its holdings in MSCI by 0.7% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,179 shares of the technology company’s stock worth $1,714,000 after purchasing an additional 21 shares during the period. City National Bank of Florida MSD raised its holdings in shares of MSCI by 4.7% in the fourth quarter. City National Bank of Florida MSD now owns 514 shares of the technology company’s stock worth $295,000 after buying an additional 23 shares during the last quarter. Evelyn Partners Investment Management Services Ltd grew its holdings in MSCI by 1.2% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 1,907 shares of the technology company’s stock worth $1,028,000 after acquiring an additional 23 shares during the period. Bridgewater Advisors Inc. lifted its holdings in MSCI by 5.2% during the first quarter. Bridgewater Advisors Inc. now owns 489 shares of the technology company’s stock valued at $244,000 after purchasing an additional 24 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of MSCI by 0.7% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 3,945 shares of the technology company’s stock valued at $2,126,000 after purchasing an additional 26 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MSCI

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Zacks said MSCI has favorable conditions for a potential earnings beat in its upcoming quarterly report, supporting expectations for continued earnings growth. MSCI Earnings Expected to Grow
• Positive Sentiment: Morgan Stanley maintained an overweight rating, with a $662 price target implying substantial upside from recent levels. The continued bullish rating indicates confidence in MSCI’s long-term earnings and subscription-based business model. Morgan Stanley MSCI price target update
• Neutral Sentiment: Morgan Stanley nevertheless reduced its target from $700 to $662, signaling somewhat lower near-term expectations even as it remains positive on the stock.
• Neutral Sentiment: Upcoming quarterly earnings are a near-term catalyst. MSCI’s previous report slightly missed consensus on earnings and revenue, although revenue still grew 12.2% year over year, making guidance and recurring-revenue trends especially important to investors. MSCI Quarterly Earnings Announcement
• Negative Sentiment: A recent analysis noted that MSCI’s six-month stock return lagged major market benchmarks, which may reinforce concerns about valuation and slower momentum. The company also faces a less favorable backdrop as higher interest rates and rotations away from growth stocks pressure technology-related shares. MSCI Economic Moat Analysis

MSCI Company Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks, wealth managers and other financial professionals. The company is best known for its equity, fixed-income and multi-asset-class indexes, which are used as benchmarks and as the basis for investment products such as exchange-traded funds and other index-linked strategies.

In addition to indexes, MSCI provides portfolio analytics, risk-management and performance-measurement tools designed to help clients evaluate exposures, construct portfolios and manage investment risks.