MSCI Inc. (NYSE:MSCI – Free Report) – Stock analysts at Zacks Research dropped their Q3 2023 earnings estimates for shares of MSCI in a research note issued on Monday, October 30th. Zacks Research analyst A. Ganguly now anticipates that the technology company will earn $3.29 per share for the quarter, down from their prior forecast of $3.32. The consensus estimate for MSCI’s current full-year earnings is $13.07 per share. Zacks Research also issued estimates for MSCI’s FY2023 earnings at $13.05 EPS, Q1 2024 earnings at $3.48 EPS, Q2 2024 earnings at $3.60 EPS, Q3 2024 earnings at $3.78 EPS, Q1 2025 earnings at $3.96 EPS, Q3 2025 earnings at $4.29 EPS and FY2025 earnings at $16.79 EPS.
MSCI has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of MSCI from $570.00 to $640.00 in a report on Wednesday, July 26th. StockNews.com raised shares of MSCI from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Redburn Atlantic cut shares of MSCI from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $650.00 to $554.00 in a report on Thursday, September 14th. Barclays cut their price objective on shares of MSCI from $650.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Argus initiated coverage on shares of MSCI in a report on Tuesday, September 19th. They issued a “buy” rating and a $580.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $559.47.
MSCI Price Performance
Shares of MSCI stock opened at $471.84 on Wednesday. The firm has a fifty day moving average price of $517.64 and a 200 day moving average price of $503.27. MSCI has a 1 year low of $444.87 and a 1 year high of $572.50. The stock has a market cap of $37.32 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13.
MSCI (NYSE:MSCI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The technology company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.32 by $0.13. MSCI had a net margin of 39.02% and a negative return on equity of 93.06%. The business had revenue of $625.40 million during the quarter, compared to the consensus estimate of $625.67 million. During the same period in the previous year, the firm posted $2.85 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year.
Hedge Funds Weigh In On MSCI
Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its holdings in MSCI by 4.3% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 458 shares of the technology company’s stock valued at $215,000 after purchasing an additional 19 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of MSCI by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,512 shares of the technology company’s stock valued at $1,179,000 after acquiring an additional 19 shares during the period. KB Financial Partners LLC raised its stake in shares of MSCI by 8.1% in the 2nd quarter. KB Financial Partners LLC now owns 253 shares of the technology company’s stock valued at $119,000 after acquiring an additional 19 shares during the period. Penserra Capital Management LLC raised its stake in shares of MSCI by 5.4% in the 4th quarter. Penserra Capital Management LLC now owns 412 shares of the technology company’s stock valued at $190,000 after acquiring an additional 21 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in shares of MSCI by 2.1% in the 4th quarter. Angeles Wealth Management LLC now owns 1,027 shares of the technology company’s stock valued at $478,000 after acquiring an additional 21 shares during the period. 88.61% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, General Counsel Robert J. Gutowski sold 1,478 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $520.00, for a total transaction of $768,560.00. Following the transaction, the general counsel now directly owns 15,179 shares in the company, valued at $7,893,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.08% of the stock is currently owned by company insiders.
MSCI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $1.38 per share. The ex-dividend date is Wednesday, November 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.17%. MSCI’s payout ratio is presently 48.38%.
MSCI Company Profile
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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