508 Shares in Moody’s Co. (NYSE:MCO) Purchased by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC acquired a new stake in Moody’s Co. (NYSE:MCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 508 shares of the business services provider’s stock, valued at approximately $240,000.

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

Moody’s Price Performance

Shares of NYSE:MCO opened at $504.03 on Tuesday. The firm has a 50 day moving average of $482.99 and a 200-day moving average of $476.68. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $506.27. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $91.33 billion, a PE ratio of 46.03, a PEG ratio of 2.93 and a beta of 1.31.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,124 shares of company stock valued at $540,051 over the last three months. 0.07% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Citigroup started coverage on Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price target for the company. Stifel Nicolaus upped their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird lifted their target price on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

About Moody’s

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.