Teacher Retirement System of Texas grew its holdings in MSCI Inc (NYSE:MSCI) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,341 shares of the technology company’s stock after buying an additional 1,475 shares during the quarter. Teacher Retirement System of Texas’ holdings in MSCI were worth $4,950,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. lifted its position in shares of MSCI by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after buying an additional 8 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of MSCI by 669.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,615 shares of the technology company’s stock valued at $476,000 after buying an additional 4,015 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of MSCI by 518.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,656 shares of the technology company’s stock valued at $1,509,000 after buying an additional 12,285 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of MSCI by 25.6% in the second quarter. Nisa Investment Advisors LLC now owns 17,577 shares of the technology company’s stock valued at $1,810,000 after buying an additional 3,579 shares during the period. Finally, Aperio Group LLC increased its stake in shares of MSCI by 12.7% in the second quarter. Aperio Group LLC now owns 16,244 shares of the technology company’s stock valued at $1,673,000 after buying an additional 1,831 shares during the period. Hedge funds and other institutional investors own 92.84% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. UBS raised their target price on MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Morgan Stanley lifted their price target on MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Credit Suisse Group lifted their price target on MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $126.00 price target on shares of MSCI in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $127.17.
In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.26% of the company’s stock.
Shares of MSCI Inc (NYSE MSCI) traded down $1.38 during midday trading on Monday, hitting $127.57. The stock had a trading volume of 597,245 shares, compared to its average volume of 506,223. The stock has a market capitalization of $11,614.38, a PE ratio of 35.43, a PEG ratio of 3.37 and a beta of 0.89. MSCI Inc has a one year low of $77.75 and a one year high of $130.58. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The business had revenue of $322.10 million during the quarter, compared to analysts’ expectations of $322.96 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. analysts predict that MSCI Inc will post 3.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 16th. MSCI’s dividend payout ratio (DPR) is presently 45.37%.
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MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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