MSCI Inc (MSCI) to Distribute Quarterly Dividend of $2.05 on August 28th

MSCI Inc (NYSE:MSCI) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Friday, August 14th will be given a dividend of 2.05 per share by the technology company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 14th.

MSCI has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 11 years. MSCI has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MSCI to earn $22.80 per share next year, which means the company should continue to be able to cover its $8.20 annual dividend with an expected future payout ratio of 36.0%.

MSCI Stock Down 10.4%

NYSE:MSCI opened at $560.31 on Wednesday. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. MSCI has a twelve month low of $501.08 and a twelve month high of $644.77. The stock’s 50 day moving average price is $597.24 and its two-hundred day moving average price is $577.04.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The company had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.17 EPS. As a group, analysts anticipate that MSCI will post 19.85 earnings per share for the current year.

Insider Activity

In related news, insider Alvise J. Munari sold 10,000 shares of MSCI stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the sale, the insider owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. The trade was a 29.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in MSCI during the 4th quarter worth $528,560,000. PICTET BANK & TRUST Ltd lifted its holdings in shares of MSCI by 116.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company’s stock worth $2,955,000 after buying an additional 2,775 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of MSCI in the fourth quarter valued at about $1,406,000. Carolina Wealth Advisors LLC bought a new stake in shares of MSCI in the fourth quarter valued at about $1,302,000. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in shares of MSCI in the fourth quarter valued at about $13,636,000. 89.97% of the stock is owned by institutional investors.

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.