MSCI Inc. (NYSE:MSCI – Get Rating) – Stock analysts at Oppenheimer cut their Q2 2022 earnings per share (EPS) estimates for shares of MSCI in a report released on Tuesday, April 26th. Oppenheimer analyst O. Lau now expects that the technology company will post earnings per share of $2.67 for the quarter, down from their prior forecast of $2.76. Oppenheimer also issued estimates for MSCI’s Q3 2022 earnings at $2.76 EPS, Q4 2022 earnings at $2.72 EPS, FY2022 earnings at $11.13 EPS and FY2023 earnings at $12.44 EPS.
MSCI (NYSE:MSCI – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The technology company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. The business had revenue of $559.90 million for the quarter, compared to analyst estimates of $563.18 million. MSCI had a net margin of 35.53% and a negative return on equity of 256.92%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $2.46 earnings per share.
MSCI opened at $433.38 on Friday. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 49.81 and a beta of 1.00. The business’s 50-day moving average price is $491.32 and its two-hundred day moving average price is $559.36. MSCI has a 1 year low of $415.33 and a 1 year high of $679.85.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th will be issued a $1.04 dividend. The ex-dividend date is Thursday, May 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. MSCI’s payout ratio is 47.82%.
In other MSCI news, insider Scott A. Crum sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $508.80, for a total transaction of $432,480.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.02% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Personal CFO Solutions LLC boosted its holdings in shares of MSCI by 1.4% during the third quarter. Personal CFO Solutions LLC now owns 1,190 shares of the technology company’s stock worth $724,000 after acquiring an additional 17 shares during the period. Golden State Wealth Management LLC boosted its stake in MSCI by 2.7% in the 4th quarter. Golden State Wealth Management LLC now owns 729 shares of the technology company’s stock valued at $447,000 after purchasing an additional 19 shares during the period. Glassman Wealth Services grew its holdings in MSCI by 50.0% in the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock valued at $37,000 after buying an additional 20 shares in the last quarter. Segment Wealth Management LLC increased its position in MSCI by 1.1% during the 4th quarter. Segment Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $1,159,000 after buying an additional 21 shares during the period. Finally, Lloyd Advisory Services LLC. lifted its holdings in shares of MSCI by 18.9% during the fourth quarter. Lloyd Advisory Services LLC. now owns 132 shares of the technology company’s stock worth $81,000 after buying an additional 21 shares in the last quarter. 88.98% of the stock is owned by hedge funds and other institutional investors.
About MSCI (Get Rating)
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 Â- 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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