Texas Capital Bancshares Inc TX Acquires 29 Shares of MSCI Inc. (NYSE:MSCI)

Texas Capital Bancshares Inc TX increased its position in shares of MSCI Inc. (NYSE:MSCI) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,559 shares of the technology company’s stock after buying an additional 29 shares during the period. Texas Capital Bancshares Inc TX’s holdings in MSCI were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in MSCI by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock worth $4,886,777,000 after buying an additional 36,043 shares during the period. Capital International Investors increased its holdings in shares of MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock worth $972,111,000 after buying an additional 9,304 shares in the last quarter. Principal Financial Group Inc. raised its position in MSCI by 74.9% in the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after purchasing an additional 623,712 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in MSCI by 1.8% during the 1st quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock worth $741,508,000 after acquiring an additional 23,217 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in MSCI by 1.3% in the second quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 1.6 %

MSCI opened at $576.10 on Friday. The business’s fifty day simple moving average is $553.76 and its 200 day simple moving average is $522.22. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39. The stock has a market cap of $45.64 billion, a PE ratio of 39.32, a P/E/G ratio of 2.98 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued 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 business had revenue of $707.90 million for 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 business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $3.26 earnings per share. As a group, equities analysts anticipate that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $1.60 per share. The ex-dividend date was Friday, August 16th. This represents a $6.40 annualized dividend and a yield of 1.11%. MSCI’s payout ratio is 43.69%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSCI shares. Morgan Stanley boosted their price target on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group upped their price objective on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Argus raised their price objective on MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised MSCI to a “hold” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $591.00.

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.