MSCI Inc (MSCI) Announces Earnings Results
MSCI Inc (NYSE:MSCI) posted its quarterly earnings results on Thursday. The technology company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports. The business had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share.
The company also recently disclosed 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 is Thursday, November 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.21%. MSCI’s payout ratio is 49.03%.
In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 6,249 shares of company stock valued at $724,009. Insiders own 2.26% of the company’s stock.
A number of equities research analysts have commented on the company. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Morgan Stanley reissued an “equal weight” rating and set a $97.00 price target (down from $98.00) on shares of MSCI in a report on Tuesday, July 18th. UBS AG raised their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Barclays PLC assumed coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $116.50.
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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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