Texas Capital Bank Wealth Management Services Inc Has $7.01 Million Stock Position in MSCI Inc $MSCI

Texas Capital Bank Wealth Management Services Inc lowered its stake in MSCI Inc (NYSE:MSCI) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,346 shares of the technology company’s stock after selling 1,258 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in MSCI were worth $7,005,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSCI. Pinnacle Bancorp Inc. bought a new stake in MSCI during the third quarter worth about $27,000. Root Financial Partners LLC bought a new position in MSCI in the 3rd quarter valued at about $28,000. Strategic Wealth Investment Group LLC acquired a new position in shares of MSCI in the 2nd quarter valued at approximately $36,000. Westside Investment Management Inc. raised its position in shares of MSCI by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock valued at $38,000 after buying an additional 34 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of MSCI during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Up 2.0%

Shares of MSCI stock opened at $547.34 on Friday. The firm’s 50 day moving average is $568.60 and its 200 day moving average is $564.85. The firm has a market capitalization of $40.21 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $626.28.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, beating the consensus estimate of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The business had revenue of $822.53 million during the quarter, compared to the consensus estimate of $819.51 million. During the same quarter in the prior year, the firm earned $4.18 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. This is a positive change from MSCI’s previous quarterly dividend of $1.80. MSCI’s dividend payout ratio is currently 52.26%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSCI. Raymond James Financial reiterated an “outperform” rating and set a $690.00 price target on shares of MSCI in a research report on Monday, January 12th. Wells Fargo & Company upped their target price on MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. UBS Group set a $638.00 target price on MSCI in a report on Wednesday, January 28th. Barclays reiterated an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $715.00 price target on shares of MSCI in a report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $671.78.

Insider Activity at MSCI

In other news, CEO Henry A. Fernandez acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $524.18 per share, with a total value of $3,145,080.00. Following the acquisition, the chief executive officer directly owned 1,493,047 shares in the company, valued at $782,625,376.46. The trade was a 0.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.31% of the company’s stock.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.