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Stephen Tulenko, President of Moody’s Analytics, recently executed a series of stock transactions involving Moody’s Corp (NYSE:MCO), a $84.5 billion market cap company currently trading at $470.23. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 41.5. On March 5, Tulenko sold a total of 5,027 shares of Moody’s common stock, generating approximately $2.4 million. The shares were sold at prices ranging from $481.97 to $483.88 per share.
In addition to the sales, Tulenko acquired a total of 5,027 shares through stock option exercises at prices between $325.99 and $372.16 per share. The total value of these acquisitions was approximately $1.7 million.
Following these transactions, Tulenko’s direct ownership stands at 7,678.87 shares. The transactions were executed under a previously established trading plan.
In other recent news, Moody’s Corporation reported robust financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.62, surpassing analysts’ expectations of $2.30. The company’s revenue also exceeded forecasts, reaching $1.67 billion against an anticipated $1.59 billion. Following these strong results, several analysts adjusted their outlooks for Moody’s. Oppenheimer raised its price target to $573 from $545, maintaining an Outperform rating, while BMO Capital Markets increased its price target to $531 from $481, citing Moody’s strategic shift towards integrated platforms. Stifel also raised its price target to $533 from $459, acknowledging improved revenue projections for Moody’s Investors Service and enhanced margins for Moody’s Analytics. These changes reflect analysts’ confidence in Moody’s recent performance and strategic direction. Additionally, Moody’s announced a restructuring initiative aimed at further enhancing its operational efficiency, which is expected to support its medium-term growth prospects. Nutrien (NYSE:NTR) Ltd. also made headlines with the submission of its annual report to the U.S. Securities and Exchange Commission, reinforcing its commitment to transparency and regulatory compliance.
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