Moody’s Corporation (MCO) Holdings Reduced by DF Dent & Co. Inc.

DF Dent & Co. Inc. lowered its stake in shares of Moody’s Corporation (NYSE:MCO) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,006,651 shares of the business services provider’s stock after selling 23,380 shares during the quarter. Moody’s Corporation makes up approximately 3.2% of DF Dent & Co. Inc.’s holdings, making the stock its 9th biggest holding. DF Dent & Co. Inc. owned about 0.53% of Moody’s Corporation worth $122,489,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its holdings in Moody’s Corporation by 15.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,764 shares of the business services provider’s stock worth $823,000 after acquiring an additional 894 shares during the last quarter. Blue Edge Capital LLC grew its holdings in Moody’s Corporation by 0.6% during the 2nd quarter. Blue Edge Capital LLC now owns 9,264 shares of the business services provider’s stock worth $1,127,000 after acquiring an additional 53 shares during the last quarter. Caxton Associates LP bought a new stake in Moody’s Corporation during the 2nd quarter worth about $608,000. Gotham Asset Management LLC grew its holdings in Moody’s Corporation by 17.9% during the 2nd quarter. Gotham Asset Management LLC now owns 25,904 shares of the business services provider’s stock worth $3,152,000 after acquiring an additional 3,937 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Moody’s Corporation by 501.4% during the 2nd quarter. Janus Henderson Group PLC now owns 132,992 shares of the business services provider’s stock worth $16,182,000 after acquiring an additional 110,877 shares during the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the sale, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,932 shares of company stock worth $11,969,604. Company insiders own 1.17% of the company’s stock.

Moody’s Corporation (NYSE:MCO) traded up 0.04% on Tuesday, reaching $142.00. 289,271 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $136.33 and its 200 day moving average is $124.44. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $143.98. The company has a market cap of $27.13 billion, a price-to-earnings ratio of 57.05 and a beta of 1.28.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 earnings per share. On average, equities analysts anticipate that Moody’s Corporation will post $5.68 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Barclays PLC increased their price objective on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Thursday, August 17th. BMO Capital Markets increased their price objective on shares of Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. UBS AG reissued a “neutral” rating and set a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Moody’s Corporation has a consensus rating of “Hold” and a consensus target price of $140.63.

Moody’s Corporation Company Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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Institutional Ownership by Quarter for Moody`s Corporation (NYSE:MCO)

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