Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $19.03 Million Holdings in Moody’s Corporation $MCO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Moody’s Corporation (NYSE:MCO) by 7.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 37,944 shares of the business services provider’s stock after purchasing an additional 2,543 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Moody’s were worth $19,032,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MCO. Nuveen LLC bought a new position in Moody’s during the first quarter worth $328,595,000. Generation Investment Management LLP bought a new stake in Moody’s in the second quarter valued at $135,968,000. Goldman Sachs Group Inc. raised its holdings in shares of Moody’s by 21.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after purchasing an additional 265,389 shares during the period. PineStone Asset Management Inc. boosted its position in shares of Moody’s by 10.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock worth $1,159,185,000 after purchasing an additional 215,551 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Moody’s by 29.9% during the 1st quarter. Acadian Asset Management LLC now owns 634,762 shares of the business services provider’s stock worth $295,570,000 after purchasing an additional 146,141 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on MCO shares. BMO Capital Markets decreased their target price on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft set a $528.00 price objective on Moody’s and gave the company a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Mizuho lifted their price target on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus decreased their price target on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

Moody’s Trading Down 2.4%

NYSE MCO opened at $478.95 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $486.68 and a 200 day simple moving average of $491.33. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The firm has a market capitalization of $85.44 billion, a P/E ratio of 38.50, a PEG ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. Moody’s’s dividend payout ratio is presently 30.23%.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 2,569 shares of company stock valued at $1,253,848. Company insiders own 0.14% of the company’s stock.

Moody’s 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.