Teachers Retirement System of The State of Kentucky Has $3.45 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of MSCI Inc. (NYSE:MSCI) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,920 shares of the technology company’s stock after selling 399 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MSCI were worth $3,451,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rothschild Investment LLC bought a new stake in shares of MSCI in the second quarter valued at about $26,000. HWG Holdings LP acquired a new position in MSCI in the 2nd quarter valued at approximately $27,000. LRI Investments LLC lifted its position in shares of MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after acquiring an additional 24 shares during the period. True Wealth Design LLC acquired a new stake in shares of MSCI during the 3rd quarter worth approximately $38,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of MSCI during the 2nd quarter worth approximately $40,000. 89.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company raised their target price on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Morgan Stanley raised their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. UBS Group cut their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $634.58.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $625.10 on Friday. The business has a fifty day moving average of $599.91 and a 200-day moving average of $554.66. The firm has a market cap of $48.99 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 3.27 and a beta of 1.10. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 earnings per share. On average, analysts anticipate that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $1.60 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.02%. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

Insider Activity

In related news, CEO Henry A. Fernandez purchased 2,900 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the purchase, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This trade represents a 0.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by insiders.

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.