Moody’s Co. (NYSE:MCO) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its holdings in Moody’s Co. (NYSE:MCO) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 992 shares of the business services provider’s stock after selling 282 shares during the period. Concurrent Investment Advisors LLC’s holdings in Moody’s were worth $418,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its holdings in Moody’s by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 72,689 shares of the business services provider’s stock valued at $28,389,000 after acquiring an additional 2,933 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Moody’s by 392.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,668 shares of the business services provider’s stock valued at $9,634,000 after acquiring an additional 19,660 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Moody’s by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 679,237 shares of the business services provider’s stock worth $265,285,000 after buying an additional 14,344 shares during the last quarter. Motco increased its holdings in shares of Moody’s by 9,756.3% during the 1st quarter. Motco now owns 1,577 shares of the business services provider’s stock worth $620,000 after buying an additional 1,561 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Moody’s by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 898,117 shares of the business services provider’s stock worth $350,769,000 after buying an additional 24,335 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen T. Tulenko sold 569 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the transaction, the insider now owns 8,147 shares in the company, valued at $3,619,386.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Stephen T. Tulenko sold 569 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the transaction, the insider now owns 8,147 shares in the company, valued at $3,619,386.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 500 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the transaction, the insider now owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,931 shares of company stock worth $1,332,825. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Moody’s from $454.00 to $492.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on shares of Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group raised their price target on shares of Moody’s from $455.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Moody’s to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Bank of America increased their price objective on shares of Moody’s from $430.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and an average target price of $460.46.

Moody’s Stock Performance

NYSE:MCO opened at $481.72 on Wednesday. The company has a fifty day simple moving average of $453.94 and a two-hundred day simple moving average of $414.67. The company has a market cap of $87.96 billion, a price-to-earnings ratio of 52.59, a price-to-earnings-growth ratio of 3.04 and a beta of 1.28. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.59. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $490.18.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $3.28 EPS for the quarter, topping the consensus estimate of $3.06 by $0.22. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.72 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. As a group, equities analysts anticipate that Moody’s Co. will post 11.35 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.71%. Moody’s’s payout ratio is currently 37.12%.

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.