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Massachusetts Financial Services Co. boosted its stake in Moody's by 32%, following the company's strong earnings and revenue growth.
Massachusetts Financial Services Co. increased its stake in Moody's by 32%, adding 502,891 shares.
Moody's recently reported earnings per share of $3.21, exceeding expectations and announced a $0.85 quarterly dividend.
Several other hedge funds also raised their stakes.
The company's revenue rose 23.2% year-over-year to $1.81 billion in the latest quarter.
Analysts expect Moody's to report 12.07 earnings per share for the year.
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Massachusetts Financial Services Co. aumentó su participación en Moody's en un 32%, tras el fuerte crecimiento de las ganancias y los ingresos de la compañía.