Edgestream Partners L.P. Acquires 1,108 Shares of Moody’s Corporation $MCO

Edgestream Partners L.P. lifted its stake in Moody’s Corporation (NYSE:MCO) by 19.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,850 shares of the business services provider’s stock after purchasing an additional 1,108 shares during the period. Edgestream Partners L.P.’s holdings in Moody’s were worth $3,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in shares of Moody’s by 5.7% in the 1st quarter. Harbour Investments Inc. now owns 482 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 26 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Moody’s during the 1st quarter worth approximately $110,000. Atria Wealth Solutions Inc. grew its holdings in Moody’s by 94.6% during the first quarter. Atria Wealth Solutions Inc. now owns 3,585 shares of the business services provider’s stock valued at $1,670,000 after purchasing an additional 1,743 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in Moody’s by 21.2% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 257 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 45 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Moody’s in the first quarter worth $841,000. Institutional investors own 92.11% of the company’s stock.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the sale, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $29,255,223.90. The trade was a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 2,569 shares of company stock valued at $1,253,848 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Moody’s Stock Up 0.8%

MCO stock opened at $491.78 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $87.73 billion, a P/E ratio of 39.53, a P/E/G ratio of 2.75 and a beta of 1.45. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The business has a 50-day moving average of $482.30 and a 200-day moving average of $492.22.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $3.21 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, sell-side analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, November 21st. This represents a $3.76 annualized dividend and a yield of 0.8%. Moody’s’s dividend payout ratio is presently 30.23%.

Analysts Set New Price Targets

MCO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $528.00 price target on shares of Moody’s and gave the company a “buy” rating in a report on Wednesday, October 1st. Morgan Stanley set a $520.00 target price on Moody’s in a research note on Thursday, October 9th. Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company increased their target price on Moody’s from $597.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

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.