QS Investors LLC lifted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 36.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,003 shares of the business services provider’s stock after buying an additional 800 shares during the quarter. QS Investors LLC’s holdings in Moody’s Corporation were worth $365,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Stifel Financial Corp lifted its stake in shares of Moody’s Corporation by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 14,405 shares of the business services provider’s stock valued at $1,746,000 after buying an additional 249 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Moody’s Corporation by 34.2% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 46,195 shares of the business services provider’s stock valued at $5,621,000 after buying an additional 11,761 shares in the last quarter. Veritable L.P. lifted its stake in shares of Moody’s Corporation by 1.8% during the 2nd quarter. Veritable L.P. now owns 7,265 shares of the business services provider’s stock valued at $884,000 after buying an additional 125 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Moody’s Corporation by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after buying an additional 3,364 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Moody’s Corporation by 250.2% during the 2nd 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. Institutional investors own 88.76% of the company’s stock.

Moody’s Corporation (NYSE:MCO) opened at 145.20 on Thursday. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 58.34 and a beta of 1.28. The stock has a 50 day moving average of $138.65 and a 200-day moving average of $125.97. Moody’s Corporation has a one year low of $93.51 and a one year high of $145.83.

Moody’s Corporation (NYSE:MCO) last released its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Moody’s Corporation will post $5.70 EPS for the current fiscal year.

Several analysts have issued reports on the stock. BidaskClub cut shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC increased their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BMO Capital Markets increased their target price on shares of Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $141.50.

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In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the sale, the insider now owns 292,310 shares in the company, valued at $37,716,759.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. Insiders sold 90,932 shares of company stock worth $11,969,604 in the last three months. Insiders own 1.17% of the company’s stock.

Moody’s Corporation Company Profile

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.

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

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