XXEC Inc. Has $6.05 Million Stock Holdings in Moody’s Corporation $MCO

XXEC Inc. cut its position in shares of Moody’s Corporation (NYSE:MCO) by 11.2% during the 4th quarter, Holdings Channel reports. The firm owned 11,850 shares of the business services provider’s stock after selling 1,502 shares during the period. Moody’s comprises 5.9% of XXEC Inc.’s investment portfolio, making the stock its 8th largest position. XXEC Inc.’s holdings in Moody’s were worth $6,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in Moody’s during the second quarter valued at about $25,000. Birchwood Financial Partners Inc. bought a new stake in Moody’s in the fourth quarter worth about $26,000. Caitlin John LLC acquired a new stake in Moody’s in the 3rd quarter valued at about $27,000. Ares Financial Consulting LLC bought a new position in shares of Moody’s during the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Moody’s in the 4th quarter worth approximately $31,000. Institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCO shares. Weiss Ratings downgraded shares of Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Bank of America restated a “buy” rating and set a $565.00 target price on shares of Moody’s in a report on Wednesday, April 22nd. Morgan Stanley decreased their price target on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen cut Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company increased their price objective on Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.83.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $466.39, for a total value of $684,194.13. Following the completion of the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of Moody’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $71,679.86. Following the transaction, the senior vice president owned 1,985 shares in the company, valued at approximately $900,534.95. The trade was a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,717 shares of company stock valued at $2,137,306 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Moody’s Price Performance

NYSE MCO opened at $451.20 on Friday. The stock’s 50-day moving average price is $450.09 and its two-hundred day moving average price is $468.26. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.03. The company has a market cap of $78.82 billion, a PE ratio of 32.34, a PEG ratio of 2.43 and a beta of 1.35. Moody’s Corporation has a 1 year low of $402.28 and a 1 year high of $546.88.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.11. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $3.83 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, analysts predict that Moody’s Corporation will post 16.69 EPS for the current year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 15th. Moody’s’s dividend payout ratio is 29.53%.

About Moody’s

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.