MSCI Inc $MSCI Position Lowered by Texas Capital Bancshares Inc TX

Texas Capital Bancshares Inc TX trimmed its position in MSCI Inc (NYSE:MSCI) by 84.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238 shares of the technology company’s stock after selling 1,282 shares during the period. Texas Capital Bancshares Inc TX’s holdings in MSCI were worth $135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in MSCI during the 2nd quarter worth approximately $547,348,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of MSCI by 499.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 874,882 shares of the technology company’s stock worth $496,417,000 after acquiring an additional 728,900 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of MSCI by 91.8% in the 3rd quarter. Baillie Gifford & Co. now owns 691,554 shares of the technology company’s stock valued at $392,395,000 after acquiring an additional 331,040 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MSCI by 36.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company’s stock valued at $606,674,000 after acquiring an additional 282,859 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of MSCI during the 3rd quarter valued at approximately $145,986,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other news, CEO Henry A. Fernandez acquired 800 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $518.95 per share, with a total value of $415,160.00. Following the acquisition, the chief executive officer directly owned 1,493,847 shares in the company, valued at approximately $775,231,900.65. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.31% of the stock is currently owned by company insiders.

MSCI Price Performance

NYSE:MSCI opened at $547.34 on Friday. The firm has a market capitalization of $40.21 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.19 and a beta of 1.29. The business has a 50 day simple moving average of $568.60 and a 200 day simple moving average of $564.85. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $626.28.

MSCI (NYSE:MSCI) last issued its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.04. The firm had revenue of $822.53 million for the quarter, compared to analyst estimates of $819.51 million. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $4.18 earnings per share. Research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $2.05 per share. This is an increase from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. MSCI’s payout ratio is currently 52.26%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 target price on shares of MSCI in a report on Thursday, January 29th. Raymond James Financial restated an “outperform” rating and issued a $690.00 price target on shares of MSCI in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $715.00 price target on shares of MSCI in a report on Thursday, January 29th. Finally, UBS Group set a $638.00 price objective on shares of MSCI in a research report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $671.78.

MSCI 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.