Teachers Retirement System of The State of Kentucky Has $3.64 Million Position in MSCI Inc. (NYSE:MSCI)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,497 shares of the technology company’s stock after selling 333 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MSCI were worth $3,641,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MSCI. Raymond James Financial Services Advisors Inc. raised its stake in MSCI by 4.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,881 shares of the technology company’s stock worth $5,023,000 after acquiring an additional 406 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of MSCI by 13.7% in the fourth quarter. Ballentine Partners LLC now owns 1,861 shares of the technology company’s stock valued at $1,053,000 after buying an additional 224 shares in the last quarter. SteelPeak Wealth LLC increased its stake in shares of MSCI by 50.0% in the fourth quarter. SteelPeak Wealth LLC now owns 1,200 shares of the technology company’s stock valued at $679,000 after buying an additional 400 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of MSCI by 13,659.5% in the fourth quarter. International Assets Investment Management LLC now owns 10,182 shares of the technology company’s stock valued at $5,759,000 after buying an additional 10,108 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of MSCI by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 749 shares of the technology company’s stock valued at $424,000 after buying an additional 51 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Performance

MSCI stock traded down $8.05 during mid-day trading on Friday, reaching $539.85. The company’s stock had a trading volume of 635,048 shares, compared to its average volume of 583,697. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 3.00 and a beta of 1.10. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39. The business’s 50 day simple moving average is $499.94 and its 200 day simple moving average is $524.48.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The firm had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.26 earnings per share. As a group, sell-side analysts expect that MSCI Inc. will post 14.78 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 16th. MSCI’s dividend payout ratio is currently 43.69%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MSCI shares. Oppenheimer restated a “market perform” rating on shares of MSCI in a research note on Wednesday, April 24th. Morgan Stanley lifted their price objective on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. Argus lifted their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group lifted their price objective on MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and an average price target of $591.21.

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.