MSCI Inc (NYSE:MSCI) Announces Quarterly Dividend of $2.05

MSCI Inc (NYSE:MSCI) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, August 14th will be given a dividend of 2.05 per share by the technology company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th.

MSCI has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 11 years. MSCI has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MSCI to earn $22.77 per share next year, which means the company should continue to be able to cover its $8.20 annual dividend with an expected future payout ratio of 36.0%.

MSCI Stock Performance

Shares of MSCI stock traded down $64.80 on Tuesday, hitting $560.31. The stock had a trading volume of 2,008,638 shares, compared to its average volume of 646,310. MSCI has a 52-week low of $501.08 and a 52-week high of $644.77. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 2.27 and a beta of 1.24. The stock’s 50 day moving average is $597.67 and its 200-day moving average is $577.13.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.03). The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $869.54 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.17 EPS. Equities analysts expect that MSCI will post 19.84 earnings per share for the current year.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of analyst reports. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research report on Thursday, June 18th. UBS Group raised their price objective on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group began coverage on MSCI in a report on Friday. They set a “buy” rating and a $760.00 price objective on the stock. Raymond James Financial upped their target price on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of MSCI in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $718.67.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.