MSCI (NYSE:MSCI) Issues Quarterly Earnings Results

MSCI (NYSE:MSCI) released its quarterly earnings results on Tuesday. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09, Briefing.com reports. The firm had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $3.45 EPS.

MSCI Stock Down 2.7 %

NYSE:MSCI opened at $578.93 on Wednesday. The business’s 50-day simple moving average is $579.80 and its two-hundred day simple moving average is $529.06. The stock has a market cap of $45.53 billion, a PE ratio of 38.78, a P/E/G ratio of 3.09 and a beta of 1.11. MSCI has a 52 week low of $439.95 and a 52 week high of $631.70.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.11%. MSCI’s dividend payout ratio is presently 42.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price target on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Argus raised their price target on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, UBS Group raised their price target on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $615.23.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.