University of Texas Texas AM Investment Management Co. Acquires New Holdings in MSCI Inc (NYSE:MSCI)

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of MSCI Inc (NYSE:MSCI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 968 shares of the technology company’s stock, valued at approximately $547,000.

Several other institutional investors also recently bought and sold shares of the business. Ritholtz Wealth Management boosted its stake in MSCI by 23.2% in the first quarter. Ritholtz Wealth Management now owns 812 shares of the technology company’s stock valued at $459,000 after acquiring an additional 153 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in MSCI by 336.4% in the first quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company’s stock valued at $54,000 after acquiring an additional 74 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in MSCI by 6.5% in the first quarter. Crestwood Advisors Group LLC now owns 524 shares of the technology company’s stock valued at $296,000 after acquiring an additional 32 shares in the last quarter. Rathbones Group PLC boosted its stake in MSCI by 3.7% in the fourth quarter. Rathbones Group PLC now owns 59,741 shares of the technology company’s stock valued at $35,845,000 after acquiring an additional 2,123 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in MSCI in the fourth quarter valued at approximately $556,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the transaction, the chief operating officer directly owned 289,787 shares in the company, valued at $160,133,398.33. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.31% of the stock is owned by corporate insiders.

MSCI Price Performance

NYSE MSCI opened at $546.49 on Monday. The company has a market capitalization of $42.28 billion, a PE ratio of 36.19, a P/E/G ratio of 2.70 and a beta of 1.32. The company has a fifty day moving average of $564.37 and a 200 day moving average of $565.89. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.05. The company had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.64 earnings per share. Research analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.32%. MSCI’s dividend payout ratio is presently 47.68%.

Analyst Ratings Changes

Several brokerages have weighed in on MSCI. JPMorgan Chase & Co. raised their target price on shares of MSCI from $650.00 to $680.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $675.00 target price on shares of MSCI in a research note on Wednesday, April 16th. Evercore ISI lowered their target price on shares of MSCI from $673.00 to $631.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a research note on Friday. Finally, Oppenheimer reiterated a “market perform” rating on shares of MSCI in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $654.73.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.