Cypress Asset Management Inc. TX Increases Holdings in Moody’s Co. (MCO)

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Cypress Asset Management Inc. TX raised its stake in shares of Moody’s Co. (NYSE:MCO) by 18.0% in the third quarter, Holdings Channel reports. The institutional investor owned 8,420 shares of the business services provider’s stock after buying an additional 1,285 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Moody’s were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in Moody’s during the 2nd quarter valued at $140,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Moody’s during the 3rd quarter valued at $192,000. United Asset Strategies Inc. purchased a new stake in Moody’s during the 2nd quarter valued at $201,000. Mariner LLC purchased a new stake in Moody’s during the 1st quarter valued at $202,000. Finally, FineMark National Bank & Trust purchased a new stake in Moody’s during the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 87.89% of the company’s stock.

A number of brokerages have weighed in on MCO. Wells Fargo & Co boosted their target price on shares of Moody’s from $160.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. UBS Group reduced their price objective on Moody’s from $192.00 to $189.00 and set a “neutral” rating for the company in a research note on Friday, September 21st. Zacks Investment Research lowered Moody’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Nomura restated a “buy” rating and issued a $193.00 price objective on shares of Moody’s in a research note on Monday, July 30th. Finally, ValuEngine lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $180.91.

Shares of NYSE:MCO traded up $1.52 during midday trading on Friday, hitting $159.79. The company had a trading volume of 44,501 shares, compared to its average volume of 1,102,682. The company has a debt-to-equity ratio of 10.72, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. Moody’s Co. has a 12-month low of $140.15 and a 12-month high of $187.98.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $1.88 by $0.16. The firm 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%. Moody’s’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, equities research analysts expect that Moody’s Co. will post 7.72 earnings per share for the current fiscal year.

In other news, CFO Linda Huber bought 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, with a total value of $157,663.65. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Moody’s

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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Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

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

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