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MSCI Inc. (NYSE:MSCI – Get Rating) – Analysts at Oppenheimer upped their FY2022 earnings per share (EPS) estimates for MSCI in a research note issued to investors on Thursday, January 5th. Oppenheimer analyst O. Lau now expects that the technology company will post earnings of $11.41 per share for the year, up from their previous forecast of $11.38. The consensus estimate for MSCI’s current full-year earnings is $11.32 per share. Oppenheimer also issued estimates for MSCI’s Q4 2022 earnings at $2.80 EPS, Q2 2023 earnings at $3.05 EPS, Q3 2023 earnings at $3.13 EPS, Q4 2023 earnings at $3.24 EPS, FY2023 earnings at $12.64 EPS and FY2024 earnings at $14.56 EPS.
MSCI (NYSE:MSCI – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The technology company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.09. MSCI had a negative return on equity of 115.88% and a net margin of 38.23%. The firm had revenue of $560.64 million for the quarter, compared to analysts’ expectations of $564.96 million.
Several other equities research analysts have also recently weighed in on the company. Barclays increased their price objective on MSCI from $470.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, December 2nd. Atlantic Securities raised their price objective on MSCI from $444.00 to $498.00 in a research report on Monday, November 7th. StockNews.com initiated coverage on MSCI in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. initiated coverage on MSCI in a research note on Tuesday, December 13th. They issued an “overweight” rating and a $580.00 price target on the stock. Finally, Raymond James raised their price target on MSCI from $499.00 to $514.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, MSCI has an average rating of “Moderate Buy” and an average target price of $529.20.
MSCI Trading Up 2.2 %
Shares of MSCI stock opened at $469.01 on Monday. The firm has a market capitalization of $37.50 billion, a PE ratio of 45.23 and a beta of 1.11. MSCI has a 12 month low of $376.41 and a 12 month high of $568.00. The business’s 50-day moving average price is $483.56 and its 200-day moving average price is $459.86.
Institutional Investors Weigh In On MSCI
Institutional investors have recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd increased its stake in MSCI by 10.9% in the third quarter. Geo Capital Gestora de Recursos Ltd now owns 204 shares of the technology company’s stock valued at $86,000 after purchasing an additional 20 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of MSCI by 3.5% in the third quarter. Perigon Wealth Management LLC now owns 645 shares of the technology company’s stock valued at $272,000 after purchasing an additional 22 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of MSCI by 21.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 125 shares of the technology company’s stock valued at $58,000 after purchasing an additional 22 shares in the last quarter. ICA Group Wealth Management LLC raised its stake in MSCI by 4.6% during the third quarter. ICA Group Wealth Management LLC now owns 550 shares of the technology company’s stock worth $232,000 after purchasing an additional 24 shares during the period. Finally, Institute for Wealth Management LLC. boosted its holdings in MSCI by 2.1% in the second quarter. Institute for Wealth Management LLC. now owns 1,224 shares of the technology company’s stock valued at $504,000 after acquiring an additional 25 shares during the last quarter. 88.18% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at MSCI
In other MSCI news, insider Scott A. Crum sold 7,500 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the sale, the insider now directly owns 19,908 shares of the company’s stock, valued at approximately $9,157,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MSCI news, CFO Andrew C. Wiechmann sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $453.38, for a total value of $498,718.00. Following the completion of the transaction, the chief financial officer now owns 15,908 shares of the company’s stock, valued at approximately $7,212,369.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott A. Crum sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the completion of the transaction, the insider now directly owns 19,908 shares of the company’s stock, valued at approximately $9,157,680. The disclosure for this sale can be found here. Insiders own 3.02% of the company’s stock.
MSCI Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Thursday, November 10th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 9th. This represents a $5.00 dividend on an annualized basis and a yield of 1.07%. MSCI’s dividend payout ratio is currently 48.22%.
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 – 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.
Further Reading
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