Pacer Advisors Inc. Has $5.81 Million Position in Moody's Co. (NYSE:MCO)

Pacer Advisors Inc. cut its holdings in Moody's Co. (NYSE:MCO - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,283 shares of the business services provider's stock after selling 1,685 shares during the quarter. Pacer Advisors Inc.'s holdings in Moody's were worth $5,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MCO. International Assets Investment Management LLC boosted its position in shares of 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 worth $343,935,000 after purchasing an additional 723,721 shares during the last quarter. FMR LLC lifted its stake in 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 buying an additional 723,226 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Moody's by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider's stock worth $985,115,000 after buying an additional 502,891 shares during the last quarter. Jennison Associates LLC grew its position 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 period. Finally, Geode Capital Management LLC increased its stake in shares of Moody's by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider's stock valued at $1,708,851,000 after acquiring an additional 416,535 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MCO. StockNews.com raised shares of Moody's from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Wells Fargo & Company boosted their price target on shares of Moody's from $510.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Evercore ISI assumed coverage on Moody's in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $521.00 price objective on the stock. BMO Capital Markets boosted their target price on Moody's from $468.00 to $481.00 and gave the company a "market perform" rating in a research note on Tuesday, January 21st. Finally, Citigroup initiated coverage on Moody's in a research report on Friday, December 20th. They set a "buy" rating and a $565.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Moody's presently has a consensus rating of "Moderate Buy" and an average price target of $507.36.

Moody's Stock Up 1.8 %

Shares of Moody's stock traded up $8.83 on Thursday, reaching $499.15. 645,940 shares of the company were exchanged, compared to its average volume of 609,486. The company has a market capitalization of $90.45 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 2.82 and a beta of 1.30. Moody's Co. has a one year low of $360.05 and a one year high of $503.95. The company has a 50-day moving average of $482.26 and a 200 day moving average of $473.99. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Insider Buying and Selling at Moody's

In related news, CEO Robert Fauber sold 281 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the transaction, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 843 shares of company stock worth $401,119 over the last quarter. 0.07% of the stock is currently owned by insiders.

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.