MSCI Inc (MSCI) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its position in MSCI Inc (NYSE:MSCI) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,975 shares of the technology company’s stock after selling 8,119 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.46% of MSCI worth $42,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSCI. BlackRock Inc. increased its holdings in shares of MSCI by 5,307.1% during the 1st quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock worth $798,929,000 after purchasing an additional 8,068,258 shares during the period. Findlay Park Partners LLP increased its holdings in shares of MSCI by 322.5% during the 1st quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock worth $86,547,000 after purchasing an additional 679,729 shares during the period. Fiera Capital Corp increased its holdings in shares of MSCI by 11.1% during the 2nd quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock worth $386,228,000 after purchasing an additional 375,333 shares during the period. Renaissance Technologies LLC increased its holdings in shares of MSCI by 675.7% during the 1st quarter. Renaissance Technologies LLC now owns 246,821 shares of the technology company’s stock worth $23,989,000 after purchasing an additional 215,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of MSCI by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock worth $837,814,000 after purchasing an additional 174,154 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

MSCI Inc (NYSE:MSCI) opened at 114.29 on Thursday. The company has a market cap of $10.29 billion, a P/E ratio of 37.01 and a beta of 1.03. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $118.06. The stock’s 50 day moving average is $112.24 and its 200 day moving average is $103.84.

MSCI (NYSE:MSCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. MSCI’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. On average, equities analysts forecast that MSCI Inc will post $3.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Wednesday, August 16th. This is a boost from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio (DPR) is currently 49.03%.

In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.16, for a total transaction of $239,878.28. Following the completion of the sale, the chief operating officer now owns 176,183 shares in the company, valued at approximately $20,289,234.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 6,249 shares of company stock valued at $686,890. 2.26% of the stock is currently owned by corporate insiders.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and set a $97.00 price objective (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. UBS AG boosted their price objective on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC assumed coverage on shares of MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. MSCI has a consensus rating of “Buy” and a consensus price target of $106.29.

About MSCI

MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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