MSCI Inc (NYSE:MSCI) declared a quarterly dividend on Thursday, August 3rd, NASDAQ reports. Investors of record on Friday, August 18th will be paid a dividend of 0.38 per share by the technology company on Thursday, August 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from MSCI’s previous quarterly dividend of $0.28.
MSCI has a payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MSCI to earn $4.45 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 34.2%.
MSCI (NYSE MSCI) opened at 110.28 on Tuesday. MSCI has a one year low of $76.52 and a one year high of $113.38. The stock has a market cap of $9.93 billion, a PE ratio of 35.71 and a beta of 1.04. The company’s 50 day moving average is $107.16 and its 200 day moving average is $99.99.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. MSCI’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. On average, equities research analysts expect that MSCI will post $3.80 EPS for the current year.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52. Following the completion of the transaction, the chief operating officer now owns 180,349 shares in the company, valued at approximately $18,655,300.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 6,249 shares of company stock valued at $663,581. 2.26% of the stock is owned by insiders.
A number of brokerages recently weighed in on MSCI. BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Thursday, July 6th. Credit Suisse Group decreased their price target on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. UBS AG increased their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $97.00 price target (down previously from $98.00) on shares of MSCI in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $106.29.
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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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