United Services Automobile Association Sells 2,392 Shares of MSCI Inc. (NYSE:MSCI)

United Services Automobile Association trimmed its position in shares of MSCI Inc. (NYSE:MSCI) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,214 shares of the technology company’s stock after selling 2,392 shares during the quarter. United Services Automobile Association’s holdings in MSCI were worth $6,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its holdings 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 acquiring an additional 17 shares during the period. Conning Inc. grew its stake in shares of 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 during the period. Capital Advisors Ltd. LLC increased its holdings 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 last quarter. Concurrent Investment Advisors LLC lifted its stake in MSCI by 5.0% in the second quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company’s stock valued at $204,000 after buying an additional 20 shares during the period. Finally, Planning Capital Management Corp boosted its holdings in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Barclays lifted their target price on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI initiated coverage on MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Stock Performance

MSCI stock opened at $617.29 on Friday. The company has a market capitalization of $48.38 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 3.20 and a beta of 1.10. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The company’s 50-day simple moving average is $594.87 and its 200 day simple moving average is $548.99.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $3.45 EPS. On average, analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.04%. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

MSCI Company 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.