California State Teachers Retirement System lowered its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,450 shares of the technology company's stock after selling 6,489 shares during the period. California State Teachers Retirement System owned about 0.15% of MSCI worth $60,176,298 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MSCI. Washington Trust Advisors Inc. purchased a new position in MSCI in the second quarter valued at about $41,000. Ameritas Advisory Services LLC acquired a new position in shares of MSCI during the 2nd quarter valued at about $83,000. Saudi Central Bank lifted its stake in shares of MSCI by 79.9% in the second quarter. Saudi Central Bank now owns 4,990 shares of the technology company's stock worth $2,795,000 after acquiring an additional 2,217 shares in the last quarter. AlphaGrep UK Ltd bought a new position in MSCI in the 2nd quarter worth about $607,000. Finally, TD Waterhouse Canada Inc. grew its position in MSCI by 116.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,624 shares of the technology company's stock worth $945,000 after purchasing an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company's stock.
MSCI Stock Down 0.8%
MSCI traded down $4.46 during trading on Tuesday, hitting $549.19. The company's stock had a trading volume of 209,721 shares, compared to its average volume of 639,357. The firm's 50 day moving average price is $575.76 and its two-hundred day moving average price is $575.58. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.05). The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $4.17 earnings per share. On average, sell-side analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 14th. MSCI's payout ratio is 44.86%.
Analyst Upgrades and Downgrades
MSCI has been the subject of several recent research reports. UBS Group set a $615.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Raymond James Financial upped their price target on shares of MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 8th. Jefferies Financial Group initiated coverage on shares of MSCI in a report on Friday, July 17th. They issued a "buy" rating and a $760.00 target price for the company. Morgan Stanley reiterated an "overweight" rating and issued a $700.00 target price on shares of MSCI in a report on Tuesday, July 21st. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $709.50.
Check Out Our Latest Stock Report on MSCI
About MSCI
(
Free Report)
MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.
In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.
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