New York State Teachers Retirement System Lowers Stock Holdings in MSCI Inc. (NYSE:MSCI)

New York State Teachers Retirement System lessened its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,232 shares of the technology company’s stock after selling 3,504 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of MSCI worth $44,438,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MSCI. Frank Rimerman Advisors LLC raised its position in MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock worth $1,147,000 after buying an additional 17 shares during the last quarter. Conning Inc. raised its holdings in MSCI by 4.1% during the second quarter. Conning Inc. now owns 479 shares of the technology company’s stock worth $231,000 after purchasing an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in MSCI by 3.8% in the second quarter. Capital Advisors Ltd. LLC now owns 542 shares of the technology company’s stock valued at $261,000 after purchasing an additional 20 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in MSCI by 5.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in MSCI by 3.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 618 shares of the technology company’s stock worth $298,000 after purchasing an additional 21 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Down 1.7 %

Shares of MSCI stock opened at $569.35 on Thursday. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 3.09 and a beta of 1.11. The firm has a 50-day moving average price of $579.95 and a 200 day moving average price of $529.34. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $631.70.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. During the same quarter in the previous year, the business posted $3.45 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts predict that MSCI Inc. will post 14.83 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio is currently 42.87%.

Wall Street Analysts Forecast Growth

MSCI has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday. Argus upped their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley boosted their price objective on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Evercore ISI initiated coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $624.23.

MSCI 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.