Shares of Msci Inc (NYSE:MSCI) were up 1.4% on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $149.15 and last traded at $144.23. Approximately 274,770 shares were traded during trading, a decline of 34% from the average daily volume of 415,691 shares. The stock had previously closed at $146.32.
The technology company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.99 by $0.16. Msci had a return on equity of 106.15% and a net margin of 24.97%. The firm had revenue of $334.80 million for the quarter, compared to analyst estimates of $333.68 million. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 16th will be paid a $0.38 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.52 annualized dividend and a yield of 1.05%. Msci’s dividend payout ratio (DPR) is presently 45.37%.
MSCI has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $142.00 target price on shares of Msci in a research note on Tuesday. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Thursday, January 4th. UBS Group boosted their price objective on Msci from $125.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BidaskClub cut Msci from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Morgan Stanley boosted their price objective on Msci from $125.00 to $129.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $145.50.
Several institutional investors and hedge funds have recently modified their holdings of MSCI. PNC Financial Services Group Inc. grew its holdings in Msci by 4.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,178 shares of the technology company’s stock valued at $945,000 after buying an additional 427 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Msci by 1.2% in the 2nd quarter. Nordea Investment Management AB now owns 14,313 shares of the technology company’s stock valued at $1,474,000 after purchasing an additional 164 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Msci by 32.6% in the 2nd quarter. Advisor Group Inc. now owns 2,641 shares of the technology company’s stock valued at $272,000 after purchasing an additional 650 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Msci by 22.5% in the 2nd quarter. Voya Investment Management LLC now owns 42,406 shares of the technology company’s stock valued at $4,367,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Numeric Investors LLC lifted its stake in shares of Msci by 283.3% in the 2nd quarter. Numeric Investors LLC now owns 9,200 shares of the technology company’s stock valued at $948,000 after purchasing an additional 6,800 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.
The company has a debt-to-equity ratio of 5.77, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $12,540.28 and a P/E ratio of 43.05.
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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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