Teacher Retirement System of Texas Decreases Position in MSCI Inc (NYSE:MSCI)

Teacher Retirement System of Texas decreased its position in MSCI Inc (NYSE:MSCI - Free Report) by 69.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,674 shares of the technology company's stock after selling 74,812 shares during the period. Teacher Retirement System of Texas' holdings in MSCI were worth $19,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of MSCI by 8.2% during the first quarter. First Horizon Advisors Inc. now owns 20,428 shares of the technology company's stock worth $11,553,000 after purchasing an additional 1,553 shares in the last quarter. Baskin Financial Services Inc. increased its stake in shares of MSCI by 0.9% during the first quarter. Baskin Financial Services Inc. now owns 73,258 shares of the technology company's stock worth $41,427,000 after purchasing an additional 626 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in shares of MSCI by 2.3% during the first quarter. Arbor Capital Management Inc. ADV now owns 1,585 shares of the technology company's stock worth $897,000 after purchasing an additional 36 shares in the last quarter. Keybank National Association OH increased its stake in shares of MSCI by 11.2% during the first quarter. Keybank National Association OH now owns 2,150 shares of the technology company's stock worth $1,216,000 after purchasing an additional 216 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in shares of MSCI during the first quarter worth about $168,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Stock Performance

Shares of NYSE MSCI traded down $0.14 during midday trading on Monday, reaching $587.60. 373,742 shares of the stock were exchanged, compared to its average volume of 509,889. The company has a 50 day simple moving average of $562.24 and a 200 day simple moving average of $569.59. The stock has a market capitalization of $45.46 billion, a P/E ratio of 40.38, a PEG ratio of 2.93 and a beta of 1.32. MSCI Inc has a twelve month low of $486.74 and a twelve month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. The business had revenue of $745.83 million during the quarter, compared to the consensus estimate of $746.45 million. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. On average, research analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.23%. MSCI's payout ratio is currently 49.48%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $675.00 target price on shares of MSCI in a research note on Wednesday, April 16th. Evercore ISI cut 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. Wells Fargo & Company cut their target price on shares of MSCI from $532.00 to $530.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. Finally, Bank of America initiated coverage on shares of MSCI in a research note on Thursday, April 10th. They set a "neutral" rating and a $585.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, MSCI currently has a consensus rating of "Moderate Buy" and a consensus target price of $645.36.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction that occurred 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 owned 289,787 shares of the company's stock, valued at approximately $160,133,398.33. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.31% of the company's stock.

MSCI Company Profile

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.