Moody’s Co. (NYSE:MCO) Holdings Lessened by California Public Employees Retirement System

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California Public Employees Retirement System cut its holdings in shares of Moody’s Co. (NYSE:MCO) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,749 shares of the business services provider’s stock after selling 25,586 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Moody’s worth $61,359,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MCO. Flagship Harbor Advisors LLC bought a new stake in Moody’s during the second quarter valued at about $140,000. United Asset Strategies Inc. bought a new stake in Moody’s during the second quarter valued at about $201,000. Mariner LLC bought a new stake in Moody’s during the first quarter valued at about $202,000. FineMark National Bank & Trust bought a new stake in Moody’s during the second quarter valued at about $205,000. Finally, Aldebaran Financial Inc. bought a new stake in Moody’s during the second quarter valued at about $205,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on MCO shares. Nomura decreased their price target on Moody’s from $195.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, July 9th. UBS Group reduced their target price on Moody’s from $192.00 to $189.00 and set a “neutral” rating on the stock in a report on Friday, September 21st. William Blair reaffirmed a “buy” rating on shares of Moody’s in a report on Sunday, August 12th. Zacks Investment Research raised Moody’s from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Finally, BMO Capital Markets lifted their target price on Moody’s from $179.00 to $183.00 and gave the stock a “market perform” rating in a report on Monday, July 30th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $180.91.

In related news, CFO Linda Huber purchased 915 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was bought at an average price of $172.31 per share, for a total transaction of $157,663.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Shares of MCO stock traded up $2.62 during trading hours on Friday, hitting $155.93. The stock had a trading volume of 1,607,982 shares, compared to its average volume of 792,626. Moody’s Co. has a one year low of $140.15 and a one year high of $187.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 10.72. The stock has a market capitalization of $32.09 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.16. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Moody’s had a return on equity of 907.23% and a net margin of 24.10%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $1.54 earnings per share. As a group, research analysts predict that Moody’s Co. will post 7.79 EPS for the current fiscal year.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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