“3Q17 revenues just above expectations. 3Q17 revenue was $322.1 mn, up 11.7% y/y (+11.9% in constant currency), vs. our estimate of $321.0 mn and the FactSet consensus of $321.7 mn. Growth was driven by continued strength in the Index product line, aided by all time highs in global ETF AuM. 3Q17 adjusted EPS was $1.00, above our estimate of $0.98 and the consensus of $0.97. Adjusted EBITDA margin was 52.3%, from 3Q16’s 49.7%, vs. our estimate of 52.7%.”,” Cantor Fitzgerald’s analyst wrote.
MSCI has been the subject of several other reports. Morgan Stanley increased their price target on MSCI from $125.00 to $129.00 and gave the company an equal weight rating in a report on Monday, October 23rd. BidaskClub downgraded MSCI from a strong-buy rating to a buy rating in a research note on Wednesday. Zacks Investment Research upgraded MSCI from a hold rating to a buy rating and set a $115.00 target price for the company in a research note on Thursday, July 6th. Barclays PLC initiated coverage on MSCI in a research note on Tuesday, July 18th. They set an equal weight rating and a $110.00 target price for the company. Finally, UBS AG raised their target price on MSCI from $115.00 to $125.00 and gave the company a buy rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $127.17.
Shares of MSCI (MSCI) traded up $0.62 during midday trading on Thursday, reaching $126.04. The company had a trading volume of 571,388 shares, compared to its average volume of 466,947. MSCI has a 52-week low of $76.52 and a 52-week high of $127.23. The firm has a market cap of $11,351.04, a P/E ratio of 34.63, a P/E/G ratio of 3.32 and a beta of 0.86. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 6.76.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 111.36% and a net margin of 24.97%. The firm had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. equities analysts predict that MSCI will post 3.82 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. MSCI’s dividend payout ratio is currently 45.37%.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the transaction, the chief operating officer now owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 6,249 shares of company stock worth $724,009 in the last three months. 2.26% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MSCI. OppenheimerFunds Inc. raised its holdings in shares of MSCI by 0.3% during the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after buying an additional 8 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of MSCI by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 495,144 shares of the technology company’s stock valued at $48,121,000 after buying an additional 2,886 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of MSCI by 115.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Copper Rock Capital Partners LLC raised its holdings in shares of MSCI by 309.1% during the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of MSCI by 1.0% during the second quarter. Xact Kapitalforvaltning AB now owns 23,059 shares of the technology company’s stock valued at $2,375,000 after buying an additional 230 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.
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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