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

Texas Capital Bank Wealth Management Services Inc reduced its position in shares of MSCI Inc (NYSE:MSCI) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,346 shares of the technology company’s stock after selling 1,258 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in MSCI were worth $7,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aviso Financial Inc. raised its holdings in MSCI by 2.0% in the 3rd quarter. Aviso Financial Inc. now owns 859 shares of the technology company’s stock valued at $487,000 after buying an additional 17 shares during the last quarter. Intact Investment Management Inc. grew its holdings in MSCI by 16.0% during the 2nd quarter. Intact Investment Management Inc. now owns 138 shares of the technology company’s stock worth $80,000 after acquiring an additional 19 shares during the last quarter. Empirical Finance LLC grew its holdings in MSCI by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 2,772 shares of the technology company’s stock worth $1,599,000 after acquiring an additional 20 shares during the last quarter. Independent Advisor Alliance increased its position in MSCI by 4.3% in the 3rd quarter. Independent Advisor Alliance now owns 509 shares of the technology company’s stock valued at $289,000 after acquiring an additional 21 shares during the period. Finally, Trivant Custom Portfolio Group LLC increased its position in MSCI by 0.6% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 3,300 shares of the technology company’s stock valued at $1,872,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

MSCI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $715.00 price target on shares of MSCI in a report on Thursday, January 29th. Evercore increased their price objective on MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Wells Fargo & Company raised their target price on MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Bank of America began coverage on MSCI in a report on Tuesday, February 17th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Raymond James Financial reissued an “outperform” rating and issued a $690.00 price target on shares of MSCI in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $671.78.

MSCI Stock Up 2.0%

MSCI opened at $547.34 on Friday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $626.28. The company has a fifty day moving average of $568.60 and a 200-day moving average of $564.85. The stock has a market cap 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 (NYSE:MSCI) last released its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.04. The business had revenue of $822.53 million for the quarter, compared to analyst estimates of $819.51 million. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. MSCI’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.18 earnings per share. Sell-side analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $2.05 dividend. This is a boost from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, February 13th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s dividend payout ratio is 52.26%.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez acquired 6,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were bought at an average cost of $524.18 per share, with a total value of $3,145,080.00. Following the purchase, the chief executive officer directly owned 1,493,047 shares of the company’s stock, valued at $782,625,376.46. This trade represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.31% of the stock is owned by corporate insiders.

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.