Msci (NYSE:MSCI) posted its quarterly earnings results on Thursday. The technology company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03, Briefing.com reports. Msci had a net margin of 39.27% and a negative return on equity of 1,447.40%. The firm had revenue of $385.56 million during the quarter, compared to the consensus estimate of $382.81 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year.
Shares of NYSE:MSCI traded down $5.15 during midday trading on Friday, hitting $220.18. 659,966 shares of the company’s stock were exchanged, compared to its average volume of 490,763. The business’s 50 day moving average price is $237.38. The stock has a market cap of $19.08 billion, a P/E ratio of 41.16, a PEG ratio of 3.61 and a beta of 1.12. Msci has a 12 month low of $134.28 and a 12 month high of $247.57.
MSCI has been the subject of several research analyst reports. Barclays reaffirmed a “buy” rating and issued a $240.00 price target on shares of Msci in a research note on Sunday, May 5th. UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and lifted their price target for the company from $234.00 to $258.00 in a research note on Monday, July 8th. Morgan Stanley lifted their price target on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Finally, Cantor Fitzgerald lifted their price target on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $217.63.
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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