5 Stocks to Invest In Now According to David Thomas’s Atalan Capital

1. Moody’s Corporation (NYSE:MCO)

Atalan Capital’s Stake Value: $179.33 million

Percentage of Atalan Capital’s 13F Portfolio: 11.18%

Number of Hedge Fund Holders: 58

With 505,000 shares valued at roughly $179 million and signifying an 11.18% portion of total holdings, Moody’s Corporation (NYSE:MCO) is the highest holding of David Thomas’s Atalan Capital. 58 out of 867 hedge funds tracked by Insider Monkey were also eager on Moody’s Corporation (NYSE:MCO) shares at the close of the third quarter, up from 44 in the previous quarter.

Moody’s Corporation (NYSE:MCO) is a risk assessment firm that provides credit ratings, tools, research, and analysis to financial markets around the globe. It operates through the segments: Moody’s Investors Service and Moody’s Analytics.

On January 14, BMO Capital analyst Jeffrey Silber raised the firm’s price target on Moody’s Corporation (NYSE:MCO) to $430 from $428 and reiterated an ‘Outperform’ rating on the shares.

Investment firm Qualivian Investment Partners mentioned many stocks in its Q2 2021 investor letter, and Moody’s Corporation (NYSE:MCO) was among them. Here’s what the fund said:

“Moody’s: Revenue, operating profit margins, and EPS all exceeded expectations, and annual guidance for these items (and for free cash flow) was raised. In MIS (Moody’s Investors Service) which houses the traditional ratings business, the outlook for debt issuance was raised for the remainder of the year, while MA (Moody’s Analytics) also came in ahead of expectations. The company leveraged strong revenue growth with strong operating profit margin improvement of 200 bps, with EPS coming in $0.22 ahead of consensus estimates. Management alluded to having interesting opportunities in their M&A pipeline, which we will have to assess when the time comes, but Moody’s management team has been very effective at allocating capital in the past toward value-creating bolt-on acquisitions, especially in their Moody’s Analytics business, a key growth driver for the company.”

You can also take a look at 15 Largest Electronics Companies in the World and 10 Best Finance Stocks To Buy Now.

Follow Insider Monkey on Twitter