Ironvine Capital Partners LLC Acquires 3,353 Shares of Moody's Corporation $MCO

Ironvine Capital Partners LLC boosted its holdings in shares of Moody's Corporation (NYSE:MCO - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,200 shares of the business services provider's stock after buying an additional 3,353 shares during the quarter. Moody's makes up approximately 3.4% of Ironvine Capital Partners LLC's investment portfolio, making the stock its 11th biggest holding. Ironvine Capital Partners LLC's holdings in Moody's were worth $38,589,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MCO. Sivia Capital Partners LLC purchased a new position in shares of Moody's in the 2nd quarter valued at $267,000. Federated Hermes Inc. lifted its stake in shares of Moody's by 15.5% during the 2nd quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider's stock worth $5,475,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC boosted its position in Moody's by 6.2% during the second quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider's stock valued at $736,000 after purchasing an additional 86 shares in the last quarter. CIBC Asset Management Inc grew its stake in Moody's by 3.8% in the second quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider's stock valued at $12,692,000 after purchasing an additional 929 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Moody's by 0.4% in the second quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider's stock worth $36,423,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Price Performance

Shares of MCO stock opened at $494.64 on Wednesday. Moody's Corporation has a fifty-two week low of $402.28 and a fifty-two week high of $546.88. The firm has a market capitalization of $85.67 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.50 and a beta of 1.34. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock's 50-day simple moving average is $487.00 and its 200-day simple moving average is $461.35.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $4.68 EPS for the quarter, beating the consensus estimate of $4.26 by $0.42. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.09 billion. Moody's had a net margin of 34.25% and a return on equity of 80.35%. Moody's's revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $3.56 EPS. Moody's has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, equities analysts forecast that Moody's Corporation will post 16.89 earnings per share for the current fiscal year.

Moody's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. Moody's's payout ratio is presently 26.13%.

Analyst Ratings Changes

Several research firms have commented on MCO. Citigroup reissued a "buy" rating on shares of Moody's in a research report on Wednesday, July 29th. Morgan Stanley set a $512.00 target price on shares of Moody's in a research report on Wednesday, July 22nd. Robert W. Baird raised their target price on shares of Moody's from $557.00 to $572.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. BMO Capital Markets lifted their price target on shares of Moody's from $489.00 to $515.00 and gave the stock a "market perform" rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group began coverage on Moody's in a research report on Friday, July 17th. They set a "buy" rating and a $610.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $553.61.

Insider Activity at Moody's

In other news, CEO Robert Fauber sold 1,467 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $484.30, for a total transaction of $710,468.10. Following the sale, the chief executive officer directly owned 51,964 shares of the company's stock, valued at $25,166,165.20. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.

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