Trading Report: The MSCI Inc. (MSCI) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

The MSCI Inc. (MSCI) Issues Quarterly  Earnings Results, Beats Estimates By $0.04 EPS

MSCI Inc. (NYSE:MSCI) issued its quarterly earnings data on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. MSCI had a return on equity of 41.60% and a net margin of 22.29%. The firm earned $288.43 million during the quarter, compared to the consensus estimate of $288.96 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.

Shares of MSCI (NYSE:MSCI) opened at 78.95 on Monday. MSCI has a 52 week low of $62.17 and a 52 week high of $90.79. The stock has a market capitalization of $7.48 billion, a PE ratio of 31.03 and a beta of 0.96. The stock’s 50 day moving average is $83.69 and its 200 day moving average is $80.94.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.12 annualized dividend and a dividend yield of 1.42%. MSCI’s dividend payout ratio is presently 44.09%.

MSCI has been the subject of several research reports. Evercore ISI restated a “sell” rating on shares of MSCI in a research report on Thursday. Credit Suisse Group AG initiated coverage on shares of MSCI in a research note on Monday, July 11th. They issued an “outperform” rating and a $88.00 target price for the company. Zacks Investment Research cut shares of MSCI from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of MSCI in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. MSCI presently has an average rating of “Hold” and a consensus price target of $80.57.

In related news, Director Holdings L.P. Valueact sold 75,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $85.35, for a total transaction of $6,401,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 125,900 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $86.68, for a total transaction of $10,913,012.00. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock valued at $154,000 after buying an additional 1,988 shares during the period. Gideon Capital Advisors Inc. purchased a new stake in shares of MSCI during the second quarter valued at approximately $213,000. US Bancorp DE increased its stake in shares of MSCI by 115.5% in the second quarter. US Bancorp DE now owns 3,678 shares of the company’s stock valued at $284,000 after buying an additional 1,971 shares during the period. AHL Partners LLP purchased a new stake in shares of MSCI during the second quarter valued at approximately $368,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of MSCI during the second quarter valued at approximately $387,000. 95.54% of the stock is owned by institutional investors and hedge funds.

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