MSCI (NYSE:MSCI) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

MSCI (NYSE:MSCI) issued its earnings results on Tuesday. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.97 by ($0.03), FiscalAI reports. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The business had revenue of $867.00 million for the quarter, compared to the consensus estimate of $869.54 million.

MSCI Price Performance

NYSE MSCI opened at $624.14 on Tuesday. MSCI has a 1-year low of $501.08 and a 1-year high of $644.77. The business has a 50 day simple moving average of $597.67 and a two-hundred day simple moving average of $577.13. The stock has a market capitalization of $45.44 billion, a PE ratio of 35.64, a P/E/G ratio of 2.27 and a beta of 1.24.

Insider Activity

In other news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the transaction, the insider directly owned 23,548 shares in the company, valued at approximately $13,941,357.92. This represents a 29.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On MSCI

Several large investors have recently bought and sold shares of MSCI. JPL Wealth Management LLC bought a new position in MSCI during the third quarter valued at $36,000. Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI in the 2nd quarter worth $36,000. Johnson Financial Group Inc. increased its holdings in shares of MSCI by 116.7% in the 3rd quarter. Johnson Financial Group Inc. now owns 91 shares of the technology company’s stock worth $52,000 after buying an additional 49 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of MSCI in the 3rd quarter worth about $59,000. Finally, DV Equities LLC purchased a new stake in shares of MSCI during the 4th quarter valued at about $61,000. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of MSCI from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $650.00 to $700.00 in a report on Wednesday, May 27th. Barclays boosted their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Morgan Stanley raised their target price on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Raymond James Financial lifted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. One research 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 currently has a consensus rating of “Buy” and an average price target 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.