Teacher Retirement System of Texas Has $19.04 Million Position in MSCI Inc (NYSE:MSCI)

Teacher Retirement System of Texas cut its stake in MSCI Inc (NYSE:MSCI - Free Report) by 69.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in shares of MSCI by 15.4% during the 1st quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company's stock worth $80,000 after acquiring an additional 19 shares during the period. Optivise Advisory Services LLC lifted its holdings in shares of MSCI by 3.8% during the 1st quarter. Optivise Advisory Services LLC now owns 540 shares of the technology company's stock worth $306,000 after acquiring an additional 20 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of MSCI by 21.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 117 shares of the technology company's stock worth $70,000 after acquiring an additional 21 shares during the period. Whipplewood Advisors LLC lifted its holdings in shares of MSCI by 16.8% during the 1st quarter. Whipplewood Advisors LLC now owns 146 shares of the technology company's stock worth $83,000 after acquiring an additional 21 shares during the period. Finally, Salvus Wealth Management LLC lifted its holdings in shares of MSCI by 2.6% during the 1st quarter. Salvus Wealth Management LLC now owns 824 shares of the technology company's stock worth $466,000 after acquiring an additional 21 shares during the period. 89.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $552.59, for a total value of $2,762,950.00. Following the completion of the sale, the chief operating officer owned 289,787 shares in the company, valued at approximately $160,133,398.33. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.31% of the company's stock.

MSCI Stock Performance

MSCI traded up $4.49 during midday trading on Friday, hitting $587.34. The company had a trading volume of 268,232 shares, compared to its average volume of 510,435. The company has a market capitalization of $45.44 billion, a PE ratio of 40.37, a P/E/G 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. The firm's 50-day simple moving average is $561.21 and its 200-day simple moving average is $569.92.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.12. The firm had revenue of $745.83 million during the quarter, compared to analysts' expectations of $746.45 million. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. As a group, sell-side analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

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

Analyst Upgrades and Downgrades

MSCI has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of MSCI from $532.00 to $530.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $675.00 price objective on shares of MSCI in a report on Wednesday, April 16th. Bank of America began coverage on shares of MSCI in a report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price target for the company. Finally, Evercore ISI cut their price target on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $645.36.

MSCI 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.