Quantum Capital Management LLC NJ Sells 4,695 Shares of Moody’s Co. (NYSE:MCO)

Quantum Capital Management LLC NJ decreased its stake in Moody’s Co. (NYSE:MCO) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,108 shares of the business services provider’s stock after selling 4,695 shares during the quarter. Moody’s makes up 7.3% of Quantum Capital Management LLC NJ’s holdings, making the stock its 7th biggest position. Quantum Capital Management LLC NJ owned about 0.09% of Moody’s worth $62,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MCO. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Moody’s in the third quarter worth about $35,000. Raleigh Capital Management Inc. lifted its stake in shares of Moody’s by 87.7% in the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock worth $39,000 after buying an additional 57 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Moody’s in the third quarter worth about $52,000. Advantage Trust Co purchased a new position in shares of Moody’s in the fourth quarter worth about $52,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Moody’s in the fourth quarter worth about $64,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MCO. JPMorgan Chase & Co. reduced their target price on shares of Moody’s from $420.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Robert W. Baird lifted their target price on shares of Moody’s from $405.00 to $414.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Oppenheimer lifted their target price on shares of Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Barclays raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $375.00 to $450.00 in a research note on Tuesday, April 2nd. Finally, StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and an average price target of $400.50.

Moody’s Stock Up 0.9 %

Shares of MCO stock traded up $3.58 during trading on Friday, reaching $410.60. The company’s stock had a trading volume of 498,500 shares, compared to its average volume of 749,095. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $74.98 billion, a price-to-earnings ratio of 44.83, a P/E/G ratio of 3.28 and a beta of 1.26. The stock’s 50-day moving average price is $390.19 and its 200 day moving average price is $382.98. Moody’s Co. has a 1-year low of $298.86 and a 1-year high of $417.75.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.06 by $0.31. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business earned $2.99 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, research analysts anticipate that Moody’s Co. will post 10.69 EPS for the current year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, May 16th. Moody’s’s payout ratio is 37.12%.

Moody’s Company Profile

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.