Teacher Retirement System of Texas Has $65.09 Million Holdings in MSCI Inc. (NYSE:MSCI)

Teacher Retirement System of Texas increased its holdings in MSCI Inc. (NYSE:MSCI) by 316.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,486 shares of the technology company’s stock after acquiring an additional 82,451 shares during the period. Teacher Retirement System of Texas owned about 0.14% of MSCI worth $65,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSCI. LRI Investments LLC raised its holdings in shares of MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of MSCI during the third quarter valued at approximately $38,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of MSCI during the fourth quarter valued at approximately $41,000. Private Trust Co. NA increased its position in shares of MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after acquiring an additional 20 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in shares of MSCI by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock valued at $59,000 after acquiring an additional 54 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MSCI

In other news, CEO Henry A. Fernandez bought 5,300 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the purchase, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. This represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MSCI shares. The Goldman Sachs Group raised MSCI from a “neutral” rating to a “buy” rating and raised their target price for the company from $617.00 to $723.00 in a research report on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and set a $675.00 price objective on shares of MSCI in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Morgan Stanley raised their price target on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Barclays decreased their price target on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $649.23.

MSCI Stock Performance

Shares of NYSE MSCI opened at $571.25 on Thursday. The stock has a market cap of $44.36 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45. The stock has a fifty day moving average of $582.92 and a 200-day moving average of $588.83.

MSCI (NYSE:MSCI) last posted its earnings results on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter in the previous year, the business earned $3.68 earnings per share. On average, sell-side analysts predict that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.26%. This is a boost from MSCI’s previous quarterly dividend of $1.60. MSCI’s dividend payout ratio (DPR) is 51.21%.

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.