MSCI Inc $MSCI Shares Sold by Texas Capital Bancshares Inc TX

Texas Capital Bancshares Inc TX lessened its holdings in shares of MSCI Inc (NYSE:MSCI) by 84.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new position in MSCI in the 3rd quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in MSCI during the 3rd quarter valued at $28,000. Strategic Wealth Investment Group LLC acquired a new position in MSCI during the 2nd quarter worth $36,000. Westside Investment Management Inc. boosted its position in MSCI by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after acquiring an additional 34 shares during the period. Finally, Eastern Bank bought a new position in shares of MSCI in the third quarter worth $50,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 6,000 shares of MSCI stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $524.18 per share, for a total transaction of $3,145,080.00. Following the transaction, the chief executive officer owned 1,493,047 shares in the company, valued at approximately $782,625,376.46. This trade represents a 0.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $715.00 price target on shares of MSCI in a report on Thursday, January 29th. Barclays reaffirmed an “overweight” rating on shares of MSCI in a report on Thursday, January 29th. Evercore raised their target price on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Wells Fargo & Company boosted their price target on shares of MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $690.00 price target on shares of MSCI in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $671.78.

MSCI Stock Performance

MSCI opened at $547.34 on Friday. MSCI Inc has a one year low of $486.73 and a one year high of $626.28. The stock’s fifty day moving average is $568.60 and its 200-day moving average is $564.85. The company has a market capitalization of $40.21 billion, a PE ratio of 34.88, a P/E/G ratio of 2.19 and a beta of 1.29.

MSCI (NYSE:MSCI) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.04. The business had revenue of $822.53 million during the quarter, compared to analysts’ expectations of $819.51 million. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $4.18 earnings per share. On average, equities research analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from MSCI’s previous quarterly dividend of $1.80. MSCI’s dividend payout ratio is currently 52.26%.

About MSCI

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.