Moody’s Corporation (NYSE:MCO) – William Blair boosted their FY2017 earnings per share estimates for shares of Moody’s Corporation in a note issued to investors on Monday. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings of $5.57 per share for the year, up from their prior estimate of $5.47. William Blair also issued estimates for Moody’s Corporation’s FY2018 earnings at $6.09 EPS and FY2019 earnings at $6.62 EPS.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 earnings per share.

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Several other brokerages have also recently weighed in on MCO. UBS AG reiterated a “neutral” rating and issued a $138.00 target price (up from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Morgan Stanley upped their target price on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. BidaskClub upgraded Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Cantor Fitzgerald reiterated a “hold” rating and issued a $116.00 target price on shares of Moody’s Corporation in a report on Monday, May 8th. Finally, BMO Capital Markets upped their target price on Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $127.13.

Moody’s Corporation (MCO) opened at 132.20 on Wednesday. The firm has a 50-day moving average price of $127.17 and a 200-day moving average price of $117.42. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The company has a market cap of $25.25 billion, a P/E ratio of 53.11 and a beta of 1.29.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s payout ratio is 61.29%.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Blair Worrall sold 11,384 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $114.76, for a total value of $1,306,427.84. Following the completion of the transaction, the senior vice president now directly owns 19,359 shares of the company’s stock, valued at $2,221,638.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,161 shares of company stock valued at $23,948,699. Corporate insiders own 1.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCO. BlackRock Inc. raised its position in shares of Moody’s Corporation by 2,616.3% in the first quarter. BlackRock Inc. now owns 10,181,036 shares of the business services provider’s stock valued at $1,140,681,000 after buying an additional 9,806,220 shares in the last quarter. Harris Associates L P acquired a new position in shares of Moody’s Corporation during the first quarter valued at about $378,890,000. Akre Capital Management LLC raised its position in shares of Moody’s Corporation by 21.9% in the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock valued at $636,368,000 after buying an additional 1,019,167 shares in the last quarter. Fiera Capital Corp raised its position in shares of Moody’s Corporation by 17.8% in the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after buying an additional 876,210 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Moody’s Corporation by 250.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after buying an additional 810,843 shares in the last quarter. 88.46% of the stock is owned by hedge funds and other institutional investors.

About Moody’s Corporation

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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