MSCI Inc (NYSE:MSCI) announced its quarterly earnings data on Thursday. The technology company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports. The firm had revenue of $322.10 million during the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS.
MSCI (NYSE MSCI) traded up $0.58 during trading on Friday, hitting $126.04. The stock had a trading volume of 571,395 shares, compared to its average volume of 435,196. The firm has a market cap of $11,350.00, a price-to-earnings ratio of 34.46, a P/E/G ratio of 3.31 and a beta of 0.86. MSCI has a 52 week low of $76.52 and a 52 week high of $127.23. The company has a debt-to-equity ratio of 6.76, a current ratio of 1.96 and a quick ratio of 1.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. MSCI’s payout ratio is currently 45.51%.
Several analysts have weighed in on MSCI shares. Morgan Stanley boosted their price objective on MSCI from $125.00 to $129.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $126.00 price objective on shares of MSCI in a report on Thursday. BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barclays PLC started coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective for the company. Finally, UBS Group AG (USA) boosted their price objective on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $127.17.
In other news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 6,249 shares of company stock valued at $724,009 over the last 90 days. Corporate insiders own 2.26% of the company’s stock.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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