Insight Wealth Strategies LLC Has $4.83 Million Stake in Moody’s Co. (NYSE:MCO)

Insight Wealth Strategies LLC increased its position in Moody’s Co. (NYSE:MCO) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,167 shares of the business services provider’s stock after purchasing an additional 40 shares during the period. Insight Wealth Strategies LLC’s holdings in Moody’s were worth $4,825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new stake in shares of Moody’s during the 1st quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Moody’s during the 1st quarter valued at $27,000. Versant Capital Management Inc boosted its stake in shares of Moody’s by 114.3% during the 2nd quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock valued at $32,000 after buying an additional 40 shares during the period. Rise Advisors LLC acquired a new stake in shares of Moody’s during the 1st quarter valued at $35,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Moody’s during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MCO shares. Stifel Nicolaus lifted their target price on shares of Moody’s from $443.00 to $454.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Raymond James lowered shares of Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Wells Fargo & Company raised shares of Moody’s to a “strong-buy” rating in a research note on Tuesday, August 13th. Morgan Stanley lifted their price objective on shares of Moody’s from $420.00 to $451.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Finally, Evercore ISI began coverage on shares of Moody’s in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $483.85.

Insider Activity

In other news, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now directly owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now directly owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $464.06, for a total transaction of $232,030.00. Following the completion of the transaction, the insider now owns 6,647 shares in the company, valued at approximately $3,084,606.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,931 shares of company stock worth $1,332,825. Corporate insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of NYSE:MCO traded up $5.63 on Tuesday, hitting $463.15. 44,700 shares of the company were exchanged, compared to its average volume of 738,273. The company’s 50 day moving average price is $472.99 and its two-hundred day moving average price is $430.12. Moody’s Co. has a one year low of $298.86 and a one year high of $495.10. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $84.57 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 3.18 and a beta of 1.29.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.22. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The business’s revenue was up 21.6% compared to the same quarter last year. Research analysts expect that Moody’s Co. will post 11.32 earnings per share for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.85 per share. The ex-dividend date was Friday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.73%. Moody’s’s dividend payout ratio (DPR) is currently 37.12%.

About Moody’s

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.