Ninety One North America Inc. Sells 3,747 Shares of Moody’s Co. (NYSE:MCO)

Ninety One North America Inc. lessened its holdings in Moody’s Co. (NYSE:MCO) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 87,633 shares of the business services provider’s stock after selling 3,747 shares during the period. Moody’s makes up approximately 2.6% of Ninety One North America Inc.’s holdings, making the stock its 14th biggest holding. Ninety One North America Inc.’s holdings in Moody’s were worth $41,483,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MCO. International Assets Investment Management LLC lifted its stake in shares of Moody’s by 74,000.1% during the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after purchasing an additional 723,721 shares during the last quarter. FMR LLC lifted its stake in shares of Moody’s by 12.3% during the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after purchasing an additional 723,226 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Moody’s by 32.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares during the last quarter. Jennison Associates LLC raised its stake in Moody’s by 22.6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Moody’s by 13.0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after purchasing an additional 416,535 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the sale, the chief executive officer now directly owns 61,354 shares of the company’s stock, valued at approximately $29,387,952.46. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 843 shares of company stock valued at $401,119 in the last three months. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MCO shares. BMO Capital Markets raised their target price on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Morgan Stanley raised their target price on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their target price on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Trading Down 0.8 %

MCO opened at $492.68 on Tuesday. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $505.77. The stock has a market capitalization of $89.27 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The business has a fifty day moving average price of $483.06 and a 200 day moving average price of $474.82.

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.