Msci Inc (NYSE:MSCI) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.58 per share by the technology company on Friday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, November 15th.
Msci has raised its dividend by an average of 94.3% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Msci has a payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Msci to earn $5.93 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 39.1%.
Shares of MSCI stock opened at $149.79 on Friday. The stock has a market capitalization of $13.37 billion, a PE ratio of 29.72, a PEG ratio of 2.88 and a beta of 1.09. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.65. Msci has a one year low of $123.80 and a one year high of $184.22.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, November 1st. The technology company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.06. The company had revenue of $357.90 million during the quarter, compared to the consensus estimate of $359.91 million. Msci had a net margin of 29.87% and a return on equity of 121.45%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. On average, equities research analysts anticipate that Msci will post 5.27 earnings per share for the current fiscal year.
Several analysts have recently commented on MSCI shares. BMO Capital Markets lowered their target price on shares of Msci from $180.00 to $178.00 and set a “buy” rating for the company in a report on Monday, November 5th. Morgan Stanley set a $172.00 target price on shares of Msci and gave the company a “hold” rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Cantor Fitzgerald increased their target price on shares of Msci to $192.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Finally, Barclays reiterated a “hold” rating and issued a $175.00 target price on shares of Msci in a report on Sunday, August 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Msci currently has a consensus rating of “Buy” and an average target price of $175.29.
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Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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