MSCI

MSCI (MSCI) reported Q4 adjusted earnings Tuesday of $3.68 per share, up from $2.84 a year earlier. Analysts polled by Capital IQ expected $3.29. Operating revenue for the quarter ended Dec. 31 was $690.1 million, up from $576.2 million a year earlier. Analysts surveyed by Capital IQ estimated $662.6 million. MSCI said it has raised its quarterly dividend to $1.60 per share, up from $1.38 in the previous quarter. The higher dividend is payable on Feb. 29 to shareholders of record on Feb. 16.

MSCI (NYSE:MSCI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 11.35% Oppenheimer $572 → $601 Maintains Outperform 01/05/2024 — Raymond James Downgrades Outperform → Market Perform 12/13/2023 11.16% Morgan Stanley $526 → $600 Upgrades Equal-Weight → Overweight 11/01/2023 5.6% RBC Capital → $570 Reiterates Outperform → Outperform 11/01/2023 11.16% Barclays $650 → $600 Maintains Overweight 11/01/2023 -2.55% Morgan Stanley $532 → $526 Maintains Equal-Weight 11/01/2023 -1.25% Raymond James $577 → $533 Maintains Outperform 10/18/2023 11.16% JP Morgan $610 → $600 Maintains Overweight 10/05/2023 13.57% Oppenheimer $620 → $613 Maintains Outperform 09/14/2023 2.64% Redburn Partners → $554 Downgrades Buy → Neutral 07/27/2023 7.83% Goldman Sachs $510 → $582 Maintains Neutral 07/26/2023 -1.44% Morgan Stanley $515 → $532 Maintains Equal-Weight 07/26/2023 0.97% RBC Capital → $545 Reiterates Outperform → Outperform 07/26/2023 18.57% Wells Fargo $570 → $640 Maintains Overweight 07/26/2023 20.42% Barclays $600

MSCI (NYSE:MSCI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/05/2024 — Raymond James Downgrades Outperform → Market Perform 12/13/2023 7.2% Morgan Stanley $526 → $600 Upgrades Equal-Weight → Overweight 11/01/2023 1.84% RBC Capital → $570 Reiterates Outperform → Outperform 11/01/2023 7.2% Barclays $650 → $600 Maintains Overweight 11/01/2023 -6.02% Morgan Stanley $532 → $526 Maintains Equal-Weight 11/01/2023 -4.77% Raymond James $577 → $533 Maintains Outperform 10/18/2023 7.2% JP Morgan $610 → $600 Maintains Overweight 10/05/2023 9.52% Oppenheimer $620 → $613 Maintains Outperform 09/14/2023 -1.02% Redburn Partners → $554 Downgrades Buy → Neutral 07/27/2023 3.98% Goldman Sachs $510 → $582 Maintains Neutral 07/26/2023 -4.95% Morgan Stanley $515 → $532 Maintains Equal-Weight 07/26/2023 -2.63% RBC Capital → $545 Reiterates Outperform → Outperform 07/26/2023 14.34% Wells Fargo $570 → $640 Maintains Overweight 07/26/2023 16.13% Barclays $600 → $650 Maintains Overweight 07/26/2023 5.77% Raymond James

MSCI Reports Financial Results for Third Quarter and Nine Months 2023 NEW YORK—-October 31, 2023– MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended September 30, 2023 (“third quarter 2023”) and nine months ended September 30, 2023 (“nine months 2023”). Financial and Operational Highlights for Third Quarter 2023 (Note: Unless otherwise noted, percentage and other changes are relative to the three months ended September 30, 2022 (“third quarter 2022”) and Run Rate percentage changes are relative to September 30, 2022). — Operating revenues of $625.4 million, up 11.6%; Organic operating revenue growth of 10.9% — Recurring subscription revenues up 10.7%; Asset-based fees up 12.3% — Operating margin of 56.5%; Adjusted EBITDA margin of 61.8% — Diluted EPS of $3.27, up 22.0%; Adjusted EPS of $3.45, up

MSCI (NYSE:MSCI) Q2 Adj EPS $3.26 Beats $3.11 Estimate, Sales $621.16M Beat $602.44M Estimate.

MSCI (NYSE:MSCI) reported quarterly earnings of $3.14 per share which beat the analyst consensus estimate of $2.99. This is a 5.37 percent increase over earnings of $2.98 per share from the same period last year. The company reported quarterly sales of $592.22 million which missed the analyst consensus estimate of $593.82 million. This is a 5.76 percent increase over sales of $559.95 million the same period last year.

MSCI said it would add 34 new securities and exclude 24 securities after the February index review. The top three new components of the MSCI World Index by total market capitalization will be Atlassian, Axon Enterprise and Reliance Steel & Aluminium. The three largest new components of the MSCI Emerging Markets Index by total market capitalization will be Bank of Baroda, AiXu and South Korea’s Kakaopay. The three new constituents include HNA Holdings, Hainan Airport and Zhonggong Education. The changes will take effect at the close of trading on February 28. Since the MSCI China Index is nested into the MSCI Emerging Markets Index, the entry of stocks into the MSCI China Index means entering the MSCI Global Standard Index series and will receive a large number of passive capital tracking.