Pacer Advisors Inc. Makes New $3.76 Million Investment in Moody’s Co. (NYSE:MCO)

Pacer Advisors Inc. bought a new position in Moody’s Co. (NYSE:MCO) during the 2nd quarter, HoldingsChannel reports. The firm bought 13,687 shares of the business services provider’s stock, valued at approximately $3,760,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allred Capital Management LLC raised its holdings in Moody’s by 42.4% in the first quarter. Allred Capital Management LLC now owns 141 shares of the business services provider’s stock worth $30,000 after purchasing an additional 42 shares during the period. MAI Capital Management raised its holdings in shares of Moody’s by 3.0% during the first quarter. MAI Capital Management now owns 1,535 shares of the business services provider’s stock worth $325,000 after acquiring an additional 44 shares during the period. Cypress Capital Group raised its holdings in shares of Moody’s by 1.0% during the first quarter. Cypress Capital Group now owns 4,977 shares of the business services provider’s stock worth $1,053,000 after acquiring an additional 48 shares during the period. IMS Capital Management raised its holdings in shares of Moody’s by 3.4% during the first quarter. IMS Capital Management now owns 1,830 shares of the business services provider’s stock worth $387,000 after acquiring an additional 60 shares during the period. Finally, Asahi Life Asset Management CO. LTD. raised its holdings in shares of Moody’s by 2.9% during the first quarter. Asahi Life Asset Management CO. LTD. now owns 2,130 shares of the business services provider’s stock worth $450,000 after acquiring an additional 60 shares during the period. Institutional investors own 90.27% of the company’s stock.

Shares of MCO stock opened at $281.30 on Friday. The company has a market capitalization of $52.74 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 3.17 and a beta of 1.19. The company has a debt-to-equity ratio of 9.17, a quick ratio of 1.70 and a current ratio of 2.10. The company has a 50-day simple moving average of $281.46 and a 200 day simple moving average of $255.09. Moody’s Co. has a 52 week low of $164.19 and a 52 week high of $296.66.

Moody’s (NYSE:MCO) last announced its earnings results on Thursday, July 30th. The business services provider reported $2.81 EPS for the quarter, topping the 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 net margin of 33.38% and a return on equity of 204.46%. Moody’s’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. Sell-side analysts forecast that Moody’s Co. will post 8.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, August 19th. Moody’s’s payout ratio is 27.02%.

A number of brokerages recently commented on MCO. Oppenheimer began coverage on shares of Moody’s in a report on Monday, May 18th. They set an “outperform” rating and a $290.00 price objective on the stock. Goldman Sachs Group raised their price objective on shares of Moody’s from $258.00 to $295.00 in a report on Wednesday, July 8th. Credit Suisse Group reiterated a “buy” rating and issued a $330.00 price target on shares of Moody’s in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Moody’s from $278.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, BMO Capital Markets lifted their price target on shares of Moody’s from $285.00 to $298.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Moody’s currently has an average rating of “Buy” and a consensus target price of $286.85.

In other Moody’s news, CEO Raymond W. Mcdaniel sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $245.64, for a total value of $1,842,300.00. Following the completion of the sale, the chief executive officer now owns 242,131 shares of the company’s stock, valued at approximately $59,477,058.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $253.22, for a total transaction of $506,440.00. Following the completion of the sale, the insider now directly owns 11,544 shares of the company’s stock, valued at approximately $2,923,171.68. The disclosure for this sale can be found here. Insiders have sold a total of 60,727 shares of company stock valued at $16,235,465 in the last ninety days. 0.79% of the stock is currently owned by insiders.

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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