Ghe LLC Sells 217 Shares of Moody’s Corporation (NYSE:MCO)

Ghe LLC trimmed its holdings in shares of Moody’s Corporation (NYSE:MCO) by 1.3% during the first quarter, Holdings Channel.com reports. The firm owned 16,345 shares of the business services provider’s stock after selling 217 shares during the quarter. Moody’s accounts for approximately 3.4% of Ghe LLC’s portfolio, making the stock its 4th biggest position. Ghe LLC’s holdings in Moody’s were worth $7,612,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Journey Strategic Wealth LLC increased its holdings in shares of Moody’s by 8.9% during the first quarter. Journey Strategic Wealth LLC now owns 500 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 41 shares during the period. Machina Capital S.A.S. boosted its stake in Moody’s by 215.1% during the first quarter. Machina Capital S.A.S. now owns 5,004 shares of the business services provider’s stock valued at $2,330,000 after buying an additional 3,416 shares in the last quarter. Dorsey Wright & Associates boosted its stake in Moody’s by 1.4% during the first quarter. Dorsey Wright & Associates now owns 7,491 shares of the business services provider’s stock valued at $3,489,000 after buying an additional 106 shares in the last quarter. Opes Wealth Management LLC bought a new position in Moody’s during the first quarter valued at about $659,000. Finally, Abel Hall LLC bought a new position in Moody’s during the first quarter valued at about $234,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MCO shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research report on Wednesday, June 4th. BMO Capital Markets increased their price target on Moody’s from $509.00 to $534.00 and gave the company a “market perform” rating in a research report on Thursday. Wells Fargo & Company increased their price target on Moody’s from $572.00 to $573.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Oppenheimer increased their price target on Moody’s from $523.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus decreased their price objective on Moody’s from $533.00 to $468.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $534.73.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $503.40, for a total value of $208,911.00. Following the transaction, the chief executive officer owned 61,886 shares of the company’s stock, valued at approximately $31,153,412.40. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Shares of NYSE:MCO traded up $7.62 during midday trading on Thursday, reaching $515.50. 130,520 shares of the company’s stock were exchanged, compared to its average volume of 797,296. The company’s 50 day simple moving average is $488.06 and its two-hundred day simple moving average is $475.07. The firm has a market capitalization of $92.74 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.38. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.56 and a current ratio of 1.57.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating the consensus estimate of $3.39 by $0.17. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. Moody’s had a return on equity of 60.37% and a net margin of 29.15%. Moody’s’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.28 EPS. Equities research analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.