MSCI Inc.(NYSE:MSCI) is one of the best 52-week high stocks to invest in, according to short sellers. On April 21, MSCI Inc.(NYSE:MSCI) delivered strong financial and operating metrics, highlighted by a record asset-based run rate and recurring net-new subscription sales growth.
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The company also delivered record recurring sales across both index and analytics, affirming its mission-critical role in global capital markets. Operating revenue of $850.8 million was up 14.1% year over year driven by a 13.3% growth in organic revenue.
The increase was also a result of a $47.6 million increase in recurring subscription revenues. The total run rate was up 12.7% to $3.35 billion as the organic recurring subscription Run rate increased 8.2%. Net income increased 40.7% to $406 million as adjusted EBITDA increased 18.6% to $504.7 million.
During the quarter, MSCI Inc. paid about $150.1 million in dividends, as the board also declared a $2.05-per-share second-quarter dividend payable on May 29. It also authorized $1.7 billion in its outstanding share repurchase authorization.
MSCI Inc.(NYSE:MSCI) is a global financial services company that provides critical investment decision tools, including widely tracked stock market indexes, portfolio risk analytics, and ESG (Environmental, Social, and Governance) research.
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