MSCI (NYSE:MSCI) Releases Quarterly Earnings Results

MSCI (NYSE:MSCI - Get Free Report) posted its earnings results on Wednesday. The technology company reported $4.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.96 by $0.22, Zacks reports. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. During the same quarter in the previous year, the business posted $3.68 earnings per share.

MSCI Stock Performance

Shares of NYSE MSCI traded down $31.03 during midday trading on Wednesday, reaching $597.31. The company's stock had a trading volume of 252,847 shares, compared to its average volume of 419,360. The company has a market cap of $46.81 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.78 and a beta of 1.11. The business's 50 day moving average price is $606.56 and its two-hundred day moving average price is $581.42. MSCI has a fifty-two week low of $439.95 and a fifty-two week high of $642.45.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez purchased 2,900 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the purchase, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This trade represents a 0.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $638.00 price objective on shares of MSCI in a report on Wednesday, October 30th. Redburn Atlantic upgraded shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. Evercore ISI began coverage on MSCI in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $690.00 price target on the stock. The Goldman Sachs Group raised shares of MSCI from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of MSCI from $680.00 to $700.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $649.85.

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.

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