Texas Permanent School Fund Has $5.30 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

Texas Permanent School Fund lessened its holdings in MSCI Inc. (NYSE:MSCIGet Rating) by 7.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,541 shares of the technology company’s stock after selling 831 shares during the quarter. Texas Permanent School Fund’s holdings in MSCI were worth $5,301,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC boosted its holdings in shares of MSCI by 2.7% in the 4th quarter. Golden State Wealth Management LLC now owns 729 shares of the technology company’s stock valued at $447,000 after purchasing an additional 19 shares in the last quarter. Glassman Wealth Services boosted its holdings in shares of MSCI by 50.0% in the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock valued at $37,000 after purchasing an additional 20 shares in the last quarter. City Holding Co. boosted its holdings in shares of MSCI by 1.1% in the 4th quarter. City Holding Co. now owns 1,938 shares of the technology company’s stock valued at $972,000 after purchasing an additional 22 shares in the last quarter. Veriti Management LLC boosted its holdings in shares of MSCI by 1.7% in the 1st quarter. Veriti Management LLC now owns 1,321 shares of the technology company’s stock valued at $664,000 after purchasing an additional 22 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of MSCI by 56.5% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock valued at $44,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

MSCI Trading Up 0.1 %

MSCI stock opened at $496.76 on Friday. The stock has a 50-day moving average price of $430.48 and a 200-day moving average price of $465.09. MSCI Inc. has a 1-year low of $376.41 and a 1-year high of $679.85. The firm has a market cap of $39.99 billion, a PE ratio of 51.11 and a beta of 1.09.

MSCI (NYSE:MSCIGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.07. MSCI had a negative return on equity of 151.89% and a net margin of 36.85%. The firm had revenue of $551.80 million during the quarter, compared to analyst estimates of $560.24 million. During the same period last year, the company posted $2.45 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts forecast that MSCI Inc. will post 11.38 earnings per share for the current year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from MSCI’s previous quarterly dividend of $1.04. This represents a $5.00 annualized dividend and a dividend yield of 1.01%. MSCI’s dividend payout ratio (DPR) is 42.80%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSCI. UBS Group raised their price objective on MSCI from $514.00 to $546.00 and gave the company a “buy” rating in a report on Friday, July 29th. Barclays cut their price objective on MSCI from $570.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft cut their price objective on MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th. Royal Bank of Canada cut their price objective on MSCI from $600.00 to $520.00 and set an “outperform” rating on the stock in a report on Tuesday, June 28th. Finally, Raymond James cut their price objective on MSCI from $515.00 to $493.00 in a report on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $509.25.

MSCI Company Profile

(Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Featured Stories

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.