Msci Inc (NYSE:MSCI) announced a quarterly dividend on Tuesday, January 30th, Zacks reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.38 per share by the technology company on Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, February 15th.
Msci has increased its dividend payment by an average of 94.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Msci has a payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Msci to earn $6.17 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 24.6%.
Shares of Msci (MSCI) opened at $140.59 on Wednesday. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $12,387.17, a P/E ratio of 42.35, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Msci has a twelve month low of $92.18 and a twelve month high of $149.15.
Msci (NYSE:MSCI) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.16. The firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $333.68 million. Msci had a return on equity of 116.05% and a net margin of 23.86%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. sell-side analysts predict that Msci will post 5.41 earnings per share for the current fiscal year.
A number of brokerages have commented on MSCI. Barclays reissued a “hold” rating and set a $150.00 price objective on shares of Msci in a report on Friday, February 2nd. Cantor Fitzgerald upped their target price on Msci to $163.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on Msci from $135.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. UBS Group upped their target price on Msci from $125.00 to $141.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered Msci from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. 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 currently has an average rating of “Buy” and a consensus price target of $147.33.
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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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