California State Teachers Retirement System Reduces Stock Position in MSCI Inc $MSCI

California State Teachers Retirement System lessened its holdings in MSCI Inc (NYSE:MSCI) by 4.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,939 shares of the technology company’s stock after selling 5,011 shares during the quarter. California State Teachers Retirement System’s holdings in MSCI were worth $61,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in MSCI in the 4th quarter worth about $30,000. Eagle Bay Advisors LLC bought a new stake in MSCI during the 4th quarter valued at about $34,000. Elyxium Wealth LLC bought a new stake in MSCI during the 4th quarter valued at about $34,000. Finally, SHP Wealth Management purchased a new stake in MSCI in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

NYSE MSCI opened at $575.92 on Friday. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company’s 50-day simple moving average is $596.33 and its two-hundred day simple moving average is $576.63. MSCI Inc has a one year low of $501.08 and a one year high of $644.77.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the prior year, the firm posted $4.17 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts expect that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s payout ratio is 44.86%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MSCI shares. Raymond James Financial upped their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Bank of America increased their price objective on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Jefferies Financial Group began coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price objective on the stock. Finally, Barclays lifted their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $709.50.

MSCI Company Profile

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.