Texas Capital Bank Wealth Management Services Inc Invests $8.12 Million in MSCI Inc $MSCI

Texas Capital Bank Wealth Management Services Inc purchased a new stake in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,496 shares of the technology company’s stock, valued at approximately $8,118,000.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after buying an additional 41 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in MSCI during the 4th quarter valued at $30,000. Elyxium Wealth LLC bought a new stake in MSCI during the 4th quarter valued at $34,000. Compound Global Advisors LLC purchased a new stake in shares of MSCI during the second quarter worth $34,000. Finally, SHP Wealth Management purchased a new stake in shares of MSCI during the fourth quarter worth $36,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Barclays increased their price objective on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Evercore set a $722.00 target price on MSCI in a research note on Wednesday, July 22nd. Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Bank of America upped their price target on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $709.50.

MSCI Price Performance

Shares of NYSE:MSCI opened at $551.17 on Tuesday. The firm has a fifty day moving average price of $585.31 and a two-hundred day moving average price of $574.57. The company has a market cap of $40.07 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.17 and a beta of 1.23. MSCI Inc has a one year low of $501.08 and a one year high of $644.77.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period in the previous year, the company posted $4.17 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts expect that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

MSCI Company 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.