Prescott Group Capital Management L.L.C. Takes Position in Moody’s Co. (NYSE:MCO)

Prescott Group Capital Management L.L.C. bought a new position in shares of Moody’s Co. (NYSE:MCOFree Report) in the third quarter, HoldingsChannel.com reports. The firm bought 2,903 shares of the business services provider’s stock, valued at approximately $918,000.

Other hedge funds also recently bought and sold shares of the company. Natixis purchased a new stake in Moody’s during the second quarter worth $25,000. Clearstead Trust LLC purchased a new stake in Moody’s during the second quarter worth $27,000. Ancora Advisors LLC increased its position in shares of Moody’s by 4,900.0% during the first quarter. Ancora Advisors LLC now owns 100 shares of the business services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Moody’s during the first quarter worth $31,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Moody’s during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 2,547 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $376.50, for a total transaction of $958,945.50. Following the completion of the sale, the chief executive officer now owns 54,099 shares in the company, valued at approximately $20,368,273.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Moody’s Stock Performance

MCO traded up $3.61 during midday trading on Friday, hitting $385.51. 549,072 shares of the company were exchanged, compared to its average volume of 823,783. The company’s 50 day simple moving average is $385.58 and its 200 day simple moving average is $354.58. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 3.05 and a beta of 1.30. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.01. Moody’s Co. has a 1-year low of $278.23 and a 1-year high of $407.62.

Moody’s (NYSE:MCOGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.14). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Moody’s had a return on equity of 55.23% and a net margin of 27.16%. Moody’s’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts predict that Moody’s Co. will post 10.7 earnings per share for the current year.

Moody’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 23rd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.88%. This is a positive change from Moody’s’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, February 22nd. Moody’s’s dividend payout ratio (DPR) is 38.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MCO. Robert W. Baird reduced their price target on Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $450.00 price target on shares of Moody’s in a research report on Wednesday, February 14th. Oppenheimer reduced their price target on Moody’s from $427.00 to $411.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets reduced their price target on Moody’s from $430.00 to $414.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reduced their price target on Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $390.42.

View Our Latest Research Report on Moody’s

Moody’s Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCOFree Report).

Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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