Msci Inc (MSCI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.72. The company posted revenue of $290.60 million in the period, compared to analysts expectations of $286.45 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Msci Inc. Credit Suisse Initiated Msci Inc on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $88.
Msci Inc opened for trading at $83.92 and hit $85.33 on the upside on Thursday, eventually ending the session at $84.85, with a gain of 1.62% or 1.35 points. The heightened volatility saw the trading volume jump to 6,44,194 shares. Company has a market cap of $8,188 M.
In a different news, on May 23, 2016, Cd Baer Pettit (Chief Operating Officer) sold 20,106 shares at $75.94 per share price. According to the SEC, on May 19, 2016, Richard J Napolitano (Principal Accounting Officer) sold 3,753 shares at $75.08 per share price.
MSCI Inc. together with its wholly owned subsidiaries is a provider of investment decision support tools including indexes portfolio risk and performance analytics and multi-asset class market risk analytics products and services. The Companys products include global equity indexes and environmental social and governance (ESG) products marketed under the MSCI and MSCI ESG Research brands its private real estate benchmarks marketed under the IPD brand its portfolio risk and performance analytics covering global equity markets marketed under the Barra brand its multi-asset class market and credit risk analytics marketed under the RiskMetrics and Barra brands and its performance reporting products and services offered to the investment consultant community marketed under the InvestorForce brand.