IMS Capital Management Purchases 250 Shares of Moody’s Co. (NYSE:MCO)

IMS Capital Management increased its position in shares of Moody’s Co. (NYSE:MCO) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,670 shares of the business services provider’s stock after acquiring an additional 250 shares during the period. IMS Capital Management’s holdings in Moody’s were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MCO. Nuveen Asset Management LLC increased its holdings in Moody’s by 985.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 770,226 shares of the business services provider’s stock worth $150,433,000 after acquiring an additional 699,273 shares during the period. FMR LLC increased its holdings in Moody’s by 15.7% during the 1st quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock worth $829,991,000 after acquiring an additional 620,741 shares during the period. Morgan Stanley increased its holdings in Moody’s by 14.9% during the 2nd quarter. Morgan Stanley now owns 2,115,215 shares of the business services provider’s stock worth $413,121,000 after acquiring an additional 274,515 shares during the period. First Trust Advisors LP increased its holdings in Moody’s by 712.1% during the 1st quarter. First Trust Advisors LP now owns 267,416 shares of the business services provider’s stock worth $48,426,000 after acquiring an additional 234,486 shares during the period. Finally, MARSHALL WACE ASIA Ltd grew its stake in Moody’s by 58.6% in the 1st quarter. MARSHALL WACE ASIA Ltd now owns 540,671 shares of the business services provider’s stock worth $97,910,000 after buying an additional 199,711 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Moody’s from $173.00 to $176.00 and gave the stock an “underweight” rating in a research note on Monday. ValuEngine cut shares of Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Argus boosted their price target on shares of Moody’s to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group raised shares of Moody’s from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $245.00 in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $204.09.

Shares of Moody’s stock traded up $0.50 during trading on Thursday, reaching $210.15. The company’s stock had a trading volume of 9,274 shares, compared to its average volume of 1,008,168. Moody’s Co. has a 52-week low of $129.26 and a 52-week high of $222.85. The company has a market cap of $39.39 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.59 and a beta of 1.24. The firm’s 50-day moving average is $212.03 and its two-hundred day moving average is $198.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 10.04.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.09. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s Co. will post 8.05 EPS for the current year.

In other news, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $212.71, for a total value of $791,493.91. Following the completion of the sale, the insider now owns 48,382 shares of the company’s stock, valued at approximately $10,291,335.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the completion of the sale, the insider now directly owns 205,294 shares of the company’s stock, valued at approximately $43,705,039.66. The disclosure for this sale can be found here. Insiders sold a total of 38,457 shares of company stock valued at $8,027,655 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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