Price Action Don’t Lie: Could Msci Inc Change Direction After Today’s Gap Up?

Price Action Don't Lie: Could Msci Inc Change Direction After Today's Gap Up?

The stock of Msci Inc (NYSE:MSCI) gapped up by $0.36 today and has $134.30 target or 62.00% above today’s $82.90 share price. The 6 months technical chart setup indicates low risk for the $7.85 billion company. The gap was reported on Oct, 14 by If the $134.30 price target is reached, the company will be worth $4.87 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 464,650 shares traded hands. Msci Inc (NYSE:MSCI) has risen 17.72% since March 11, 2016 and is uptrending. It has outperformed by 12.27% the S&P500.

Analysts await Msci Inc (NYSE:MSCI) to report earnings on November, 3. They expect $0.72 EPS, up 20.00% or $0.12 from last year’s $0.6 per share. MSCI’s profit will be $68.18 million for 28.78 P/E if the $0.72 EPS becomes a reality. After $0.77 actual EPS reported by Msci Inc for the previous quarter, Wall Street now forecasts -6.49% negative EPS growth.

Msci Inc (NYSE:MSCI) Ratings Coverage

Out of 6 analysts covering MSCI Inc. (NYSE:MSCI), 2 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 33% are positive. MSCI Inc. has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Msci Inc (NYSE:MSCI) earned “Buy” rating by Cantor Fitzgerald on Tuesday, November 10. The firm has “Buy” rating by UBS given on Monday, November 2. The stock of Msci Inc (NYSE:MSCI) has “Neutral” rating given on Monday, August 31 by Northcoast. The stock of Msci Inc (NYSE:MSCI) has “Sell” rating given on Tuesday, October 11 by Evercore. The firm has “Market Perform” rating given on Monday, November 2 by Keefe Bruyette & Woods.

According to Zacks Investment Research, “MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio analytics for use in managing equity, fixed income and multi-asset class portfolios.”

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.03, from 1.14 in 2016Q1. The ratio improved, as 20 funds sold all Msci Inc shares owned while 104 reduced positions. 39 funds bought stakes while 106 increased positions. They now own 88.87 million shares or 4.45% less from 93.01 million shares in 2016Q1.
Lazard Asset Ltd Llc accumulated 0.01% or 65,528 shares. Texas Permanent School Fund reported 66,409 shares or 0.07% of all its holdings. Dimensional Fund Advsrs Ltd Partnership accumulated 0.02% or 494,282 shares. Canada Pension Plan Inv Board last reported 8,610 shares in the company. Moreover, Tower Rech Cap Limited Liability Com (Trc) has 0.01% invested in Msci Inc (NYSE:MSCI) for 1,203 shares. Moreover, Hl Financial Limited Liability Company has 0.15% invested in Msci Inc (NYSE:MSCI) for 83,178 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 28,279 shares for 0.03% of their US portfolio. Carroll Associate accumulated 47 shares or 0% of the stock. Teachers Advsr Inc, a New York-based fund reported 75,556 shares. Bluecrest accumulated 0.01% or 4,595 shares. Credit Agricole S A last reported 0.05% of its portfolio in the stock. Chilton Mngmt Ltd Liability Company reported 9,037 shares or 0.07% of all its holdings. Schwab Charles Invest Mgmt holds 0.02% of its portfolio in Msci Inc (NYSE:MSCI) for 256,074 shares. Ibm Retirement Fund has 9,198 shares for 0.03% of their US portfolio. Logan Cap Mngmt Inc reported 8,787 shares or 0.06% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 15 selling transactions for $327.63 million net activity. 5,307 Msci Inc (NYSE:MSCI) shares with value of $475,560 were sold by duPont Benjamin F. Napolitano Richard J had sold 3,753 shares worth $281,775 on Wednesday, May 18. ValueAct Holdings – L.P. also sold $19.22M worth of Msci Inc (NYSE:MSCI) shares. $1.53 million worth of Msci Inc (NYSE:MSCI) shares were sold by Pettit CD Baer.

Another recent and important Msci Inc (NYSE:MSCI) news was published by which published an article titled: “MSCI Inc.: MSCI Schedules Investor Conference Call to Review Third Quarter …” on October 13, 2016.

MSCI Company Profile

MSCI Inc. (MSCI), incorporated on July 2, 1998, together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate divisions. The ESG operating segment offers products institutional investors use for assessing risks and opportunities arising from environmental, social and governance issues. ESG tools are used to evaluate both individual securities and investment portfolios. The Real Estate operating segment is a well-known provider of real estate performance analysis for funds, investors, managers, lenders and occupiers.

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