Simplicity Wealth LLC Sells 2,332 Shares of Moody’s Corporation $MCO

Simplicity Wealth LLC decreased its stake in shares of Moody’s Corporation (NYSE:MCO) by 57.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,702 shares of the business services provider’s stock after selling 2,332 shares during the period. Simplicity Wealth LLC’s holdings in Moody’s were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MCO. Rexford Capital Inc. bought a new position in Moody’s during the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Moody’s in the second quarter valued at about $25,000. Johnson Financial Group Inc. bought a new position in shares of Moody’s during the second quarter valued at about $28,000. Heartwood Wealth Advisors LLC purchased a new position in Moody’s during the third quarter worth about $31,000. Finally, ORG Partners LLC grew its position in Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group raised shares of Moody’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $524.00 to $570.00 in a research report on Tuesday, December 16th. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Wall Street Zen raised Moody’s from a “hold” rating to a “buy” rating in a research report on Friday. Daiwa Capital Markets raised Moody’s from a “neutral” rating to an “outperform” rating and raised their target price for the company from $500.00 to $590.00 in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $550.00 target price on shares of Moody’s in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $560.94.

Moody’s Stock Performance

NYSE:MCO opened at $523.58 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day simple moving average of $505.23 and a two-hundred day simple moving average of $499.82. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88. The company has a market capitalization of $93.41 billion, a P/E ratio of 42.09, a P/E/G ratio of 2.45 and a beta of 1.45.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 EPS. On average, analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current year.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 1,739 shares of company stock valued at $841,445. Insiders own 0.14% of the company’s stock.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.