MSCI (NYSE:MSCI) Sets New 52-Week High on Better-Than-Expected Earnings

Shares of MSCI Inc. (NYSE:MSCIGet Free Report) hit a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $607.48 and last traded at $594.80, with a volume of 113120 shares trading hands. The stock had previously closed at $550.95.

The technology company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.29 by $0.39. MSCI had a net margin of 39.76% and a negative return on equity of 97.86%. The company had revenue of $690.11 million for the quarter, compared to analyst estimates of $662.64 million. During the same quarter in the prior year, the business posted $2.84 EPS. MSCI’s quarterly revenue was up 19.8% on a year-over-year basis.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Friday, February 16th will be paid a dividend of $1.60 per share. This is a positive change from MSCI’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.07%. MSCI’s dividend payout ratio is 46.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSCI. Edward Jones initiated coverage on shares of MSCI in a research note on Friday, December 22nd. They set a “buy” rating on the stock. Royal Bank of Canada upped their price objective on shares of MSCI from $588.00 to $638.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James reaffirmed a “market perform” rating on shares of MSCI in a report on Friday, January 5th. Barclays upped their price objective on shares of MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of MSCI from $544.00 to $617.00 and gave the stock a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, MSCI has a consensus rating of “Hold” and an average target price of $584.21.

View Our Latest Stock Analysis on MSCI

Institutional Investors Weigh In On MSCI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSCI. Optiver Holding B.V. bought a new position in MSCI during the 3rd quarter worth approximately $26,000. ORG Partners LLC raised its holdings in shares of MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after purchasing an additional 56 shares during the last quarter. Headinvest LLC acquired a new stake in shares of MSCI in the third quarter valued at approximately $30,000. Atlas Capital Advisors LLC acquired a new stake in shares of MSCI in the first quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in MSCI by 153.3% during the second quarter. Exchange Traded Concepts LLC now owns 76 shares of the technology company’s stock worth $36,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.

MSCI Stock Down 0.6 %

The firm has a market capitalization of $47.34 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 2.62 and a beta of 1.12. The stock’s fifty day moving average is $544.76 and its two-hundred day moving average is $529.18.

About MSCI

(Get Free Report)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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