Marshall Wace North America L.P. trimmed its position in Moody’s Corporation (NYSE:MCO) by 85.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,135 shares of the business services provider’s stock after selling 79,346 shares during the period. Marshall Wace North America L.P.’s holdings in Moody’s Corporation were worth $1,602,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MCO. State of Alaska Department of Revenue purchased a new position in Moody’s Corporation in the 1st quarter valued at $113,000. Profund Advisors LLC grew its position in Moody’s Corporation by 7.9% in the 1st quarter. Profund Advisors LLC now owns 5,387 shares of the business services provider’s stock valued at $604,000 after buying an additional 394 shares during the last quarter. Glen Harbor Capital Management LLC grew its position in Moody’s Corporation by 16.8% in the 1st quarter. Glen Harbor Capital Management LLC now owns 3,008 shares of the business services provider’s stock valued at $337,000 after buying an additional 432 shares during the last quarter. Wells Fargo & Company MN grew its position in Moody’s Corporation by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 318,618 shares of the business services provider’s stock valued at $35,698,000 after buying an additional 5,433 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Moody’s Corporation in the 1st quarter valued at $137,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

A number of equities analysts recently weighed in on MCO shares. Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. BidaskClub lowered shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC lifted their price objective on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 28th. BMO Capital Markets lifted their price objective on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $135.43.

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Shares of Moody’s Corporation (NYSE:MCO) opened at 133.06 on Wednesday. The firm’s 50 day moving average is $130.93 and its 200 day moving average is $120.06. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 53.46 and a beta of 1.30. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $135.20.

Moody’s Corporation (NYSE:MCO) last issued its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts predict that Moody’s Corporation will post $5.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.14%. Moody’s Corporation’s payout ratio is 61.29%.

In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. In the last three months, insiders sold 134,777 shares of company stock valued at $16,802,772. Company 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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