MSCI Inc. (MSCI) To Go Ex-Dividend on May 16th

MSCI Inc. (NYSE:MSCI) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Friday, May 17th will be paid a dividend of 1.60 per share by the technology company on Friday, May 31st. This represents a $6.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 16th.

MSCI has increased its dividend by an average of 23.7% per year over the last three years and has raised its dividend annually for the last 10 consecutive years. MSCI has a payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Analysts expect MSCI to earn $16.88 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 37.9%.

MSCI Trading Up 4.2 %

Shares of MSCI stock opened at $464.81 on Thursday. MSCI has a 12-month low of $439.95 and a 12-month high of $617.39. The stock has a market cap of $36.82 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. The company has a 50-day moving average of $545.76 and a two-hundred day moving average of $538.56.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. MSCI had a net margin of 44.55% and a negative return on equity of 111.33%. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same period last year, the company posted $3.14 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that MSCI will post 14.81 EPS for the current fiscal year.

Analyst Ratings Changes

MSCI has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of MSCI from $700.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday. Wells Fargo & Company lifted their target price on shares of MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Bank of America decreased their price target on shares of MSCI from $530.00 to $425.00 and set an “underperform” rating on the stock in a report on Wednesday. Raymond James reiterated a “market perform” rating on shares of MSCI in a report on Friday, January 5th. Finally, Oppenheimer restated a “market perform” rating on shares of MSCI in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $562.87.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.