Moody’s Co. (NYSE:MCO – Get Rating) insider Michael L. West sold 780 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $310.53, for a total transaction of $242,213.40. Following the completion of the transaction, the insider now directly owns 8,330 shares of the company’s stock, valued at $2,586,714.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Moody’s Trading Down 0.7 %
MCO opened at $311.07 on Friday. The stock has a market capitalization of $57.08 billion, a PE ratio of 33.59, a P/E/G ratio of 3.00 and a beta of 1.20. Moody’s Co. has a 12-month low of $251.01 and a 12-month high of $407.94. The firm’s fifty day moving average price is $283.14 and its 200 day moving average price is $308.68. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.39 and a quick ratio of 1.39.
Moody’s (NYSE:MCO – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Moody’s had a net margin of 28.92% and a return on equity of 71.12%. The company’s revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the business earned $3.22 earnings per share. As a group, research analysts expect that Moody’s Co. will post 9.48 EPS for the current fiscal year.
Moody’s Announces Dividend
Analyst Ratings Changes
A number of research analysts recently commented on MCO shares. BMO Capital Markets reduced their target price on Moody’s from $331.00 to $309.00 in a research note on Thursday, June 2nd. Atlantic Securities downgraded Moody’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $370.00 to $298.00 in a report on Wednesday, June 8th. Raymond James dropped their price target on Moody’s from $364.00 to $327.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 12th. Royal Bank of Canada lowered their price target on Moody’s from $344.00 to $329.00 in a research report on Tuesday, June 7th. Finally, Morgan Stanley decreased their target price on Moody’s from $298.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and an average price target of $329.25.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Calamos Wealth Management LLC increased its position in Moody’s by 6.8% during the 1st quarter. Calamos Wealth Management LLC now owns 819 shares of the business services provider’s stock worth $276,000 after buying an additional 52 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Moody’s during the first quarter worth about $5,843,000. Ellevest Inc. lifted its position in shares of Moody’s by 10.3% in the 1st quarter. Ellevest Inc. now owns 580 shares of the business services provider’s stock worth $196,000 after purchasing an additional 54 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Moody’s during the fourth quarter valued at $7,451,000. Finally, Addenda Capital Inc. grew its stake in Moody’s by 9.2% during the first quarter. Addenda Capital Inc. now owns 12,521 shares of the business services provider’s stock worth $4,225,000 after purchasing an additional 1,053 shares during the period. 91.43% of the stock is currently owned by institutional investors.
Moody’s Company Profile
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.
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