Oregon Public Employees Retirement Fund Purchases 4,289 Shares of Moody’s Corporation $MCO

Oregon Public Employees Retirement Fund boosted its holdings in Moody’s Corporation (NYSE:MCO) by 32.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,658 shares of the business services provider’s stock after buying an additional 4,289 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Moody’s were worth $8,414,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Rexford Capital Inc. bought a new stake in Moody’s during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in Moody’s in the 2nd quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new stake in Moody’s during the 2nd quarter valued at approximately $28,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Moody’s during the third quarter valued at approximately $31,000. Finally, ORG Partners LLC lifted its holdings in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BMO Capital Markets reduced their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a report on Thursday, October 23rd. Wells Fargo & Company raised their price objective on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research report on Thursday, October 9th. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Evercore ISI lifted their price objective on Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $555.93.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 2,154 shares of company stock worth $1,041,098 over the last ninety days. 0.14% of the stock is owned by insiders.

Moody’s Stock Up 0.1%

Shares of NYSE:MCO opened at $531.51 on Friday. The company has a market cap of $94.82 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 2.47 and a beta of 1.45. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $540.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $496.18 and a 200 day moving average price of $497.30.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, equities research analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were given a $0.94 dividend. The ex-dividend date was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a yield of 0.7%. Moody’s’s dividend payout ratio (DPR) is currently 30.23%.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.