United Services Automobile Association Makes New Investment in MSCI Inc. (NYSE:MSCI)

United Services Automobile Association bought a new position in MSCI Inc. (NYSE:MSCI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,606 shares of the technology company's stock, valued at approximately $6,555,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in MSCI in the 1st quarter valued at approximately $26,000. Rothschild Investment LLC bought a new position in MSCI in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in MSCI in the 1st quarter valued at approximately $34,000. American National Bank raised its holdings in MSCI by 1,300.0% in the 4th quarter. American National Bank now owns 70 shares of the technology company's stock valued at $40,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in MSCI during the 2nd quarter worth approximately $40,000. Institutional investors own 89.97% of the company's stock.

MSCI Trading Down 0.3 %

NYSE MSCI traded down $1.86 during mid-day trading on Monday, hitting $557.99. The company's stock had a trading volume of 524,545 shares, compared to its average volume of 565,144. The company's 50 day simple moving average is $535.55 and its 200 day simple moving average is $521.68. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.05 and a beta of 1.11.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 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 $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. During the same quarter last year, the firm posted $3.26 EPS. MSCI's revenue was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that MSCI Inc. will post 14.79 EPS for the current year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, August 16th. MSCI's dividend payout ratio is 43.69%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of MSCI to a "hold" rating in a report on Tuesday, August 13th. Royal Bank of Canada restated an "outperform" rating and set a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. Argus raised their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Redburn Atlantic upgraded shares of MSCI from a "neutral" rating to a "buy" rating and set a $485.00 price target for the company in a report on Monday, May 13th. Finally, The Goldman Sachs Group raised their price target on shares of MSCI from $526.00 to $590.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $584.79.

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.