Pacer Advisors Inc. Purchases New Position in Moody’s Co. (NYSE:MCO)

Pacer Advisors Inc. purchased a new stake in shares of Moody’s Co. (NYSE:MCO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,687 shares of the business services provider’s stock, valued at approximately $3,760,000.

A number of other hedge funds also recently made changes to their positions in MCO. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Moody’s by 2.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,353 shares of the business services provider’s stock valued at $19,533,000 after buying an additional 2,435 shares in the last quarter. Blue Edge Capital LLC boosted its stake in Moody’s by 40.3% during the first quarter. Blue Edge Capital LLC now owns 10,840 shares of the business services provider’s stock worth $2,293,000 after buying an additional 3,111 shares during the last quarter. Pictet & Cie Europe SA boosted its stake in Moody’s by 18.7% during the first quarter. Pictet & Cie Europe SA now owns 8,808 shares of the business services provider’s stock worth $1,863,000 after buying an additional 1,388 shares during the last quarter. Wellington Management Group LLP raised its position in Moody’s by 55.3% in the first quarter. Wellington Management Group LLP now owns 103,525 shares of the business services provider’s stock valued at $21,895,000 after purchasing an additional 36,869 shares during the period. Finally, Cigna Investments Inc. New raised its position in Moody’s by 9.2% in the first quarter. Cigna Investments Inc. New now owns 4,746 shares of the business services provider’s stock valued at $1,004,000 after purchasing an additional 400 shares during the period. Institutional investors own 90.27% of the company’s stock.

Several equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Moody’s in a report on Monday, May 18th. They set an “outperform” rating and a $290.00 price target on the stock. Zacks Investment Research raised Moody’s from a “hold” rating to a “buy” rating and set a $298.00 price objective for the company in a research report on Tuesday, July 7th. Goldman Sachs Group upped their price objective on Moody’s from $258.00 to $295.00 in a research report on Wednesday, July 8th. Wells Fargo & Co upped their target price on Moody’s from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Moody’s in a research report on Tuesday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $286.85.

In other news, insider Stephen T. Tulenko sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $293.01, for a total transaction of $439,515.00. Following the transaction, the insider now directly owns 8,044 shares in the company, valued at approximately $2,356,972.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen T. Tulenko sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $253.22, for a total transaction of $506,440.00. Following the transaction, the insider now owns 11,544 shares in the company, valued at $2,923,171.68. The disclosure for this sale can be found here. Insiders sold 60,727 shares of company stock valued at $16,235,465 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Shares of MCO stock opened at $281.30 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.10 and a debt-to-equity ratio of 9.17. The business has a 50 day moving average of $281.46 and a two-hundred day moving average of $255.09. Moody’s Co. has a 52 week low of $164.19 and a 52 week high of $296.66. The company has a market cap of $52.74 billion, a P/E ratio of 34.90, a PEG ratio of 3.17 and a beta of 1.19.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.55. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.23 billion. Moody’s had a return on equity of 204.46% and a net margin of 33.38%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 earnings per share. Analysts expect that Moody’s Co. will post 8.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.56 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.80%. Moody’s’s dividend payout ratio (DPR) is 27.02%.

Moody’s Profile

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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