Lecap Asset Management Ltd. Has $3.42 Million Holdings in MSCI Inc. (NYSE:MSCI)

Lecap Asset Management Ltd. raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 55.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,874 shares of the technology company’s stock after buying an additional 2,105 shares during the period. MSCI accounts for approximately 0.7% of Lecap Asset Management Ltd.’s portfolio, making the stock its 26th biggest holding. Lecap Asset Management Ltd.’s holdings in MSCI were worth $3,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSCI. Rothschild Investment LLC acquired a new stake in MSCI in the 2nd quarter worth approximately $26,000. HWG Holdings LP bought a new position in MSCI in the 2nd quarter worth $27,000. Crewe Advisors LLC bought a new stake in MSCI during the first quarter valued at about $34,000. Ridgewood Investments LLC bought a new position in shares of MSCI in the second quarter worth about $40,000. Finally, American National Bank & Trust bought a new stake in MSCI during the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Up 0.0 %

NYSE MSCI opened at $604.08 on Wednesday. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $617.39. The company has a 50 day moving average of $576.86 and a 200-day moving average of $527.29. The firm has a market cap of $47.86 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The firm had revenue of $707.90 million during the quarter, compared to analysts’ expectations of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $3.26 EPS. On average, analysts forecast that MSCI Inc. will post 14.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their price target on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Argus lifted their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI started coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $615.23.

MSCI 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.