Moody's (MCO) Concludes Acquisition of Omega Performance
Moody’s Corporation MCO recently completed the acquisition of Omega Performance, which was announced in July. The company made the acquisition with an objective to integrate Omega’s learning platform with its own services to provide clients with better solutions.
Omega Performance, a business unit of TwentyEighty Inc, provides a variety of online credit training courses to at least 300 clients across the globe. Its clientele includes large global banks and local lending institutions.
The acquisition is expected to benefit Moody’s business division — Moody’s Analytics — which offers solutions related to financial and risk-management activities of institutions. Omega’s widely appreciated credit training platform should provide Moody’s with a positive edge over its competitors.
Speaking about the significance of this acquisition, Ari Lehavi, executive director of Learning Solutions at Moody’s Analytics said, “Adding Omega’s offerings reinforces Moody’s Analytics as a market standard in credit proficiency for financial institutions worldwide spanning the full spectrum of consumer, small business and corporate lending.”
Further, Moody’s Analytics has an online learning platform — Credit Coach — which offers customized solutions to users’ diverse analytical needs. This helps professionals make informed financial decisions. Omega’s lending case studies and contents will equip Credit Coach in providing well-thought-out solutions in a greater number of credit and risk scenarios.
Though this acquisition will not have any significant impact on Moody’s 2018 financial results, it will definitely enhance the company’s goodwill by providing clients with enhanced services.
Shares of Moody’s have gained 29.1% in the past year, against the 6.1% decline recorded by the industry.
Currently, Moody’s carries a Zacks Rank #3 (Hold).
Here are a few better-ranked stocks in the finance space:
SVB Financial Group’s SIVB earnings estimates for 2018 have been revised upward by 7.4% over the past 30 days. Its shares have surged 92.7% in a year’s time. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comerica Incorporated CMA also flaunts a Zacks Rank of 1. Its earnings estimates for 2018 moved up marginally in a month’s time. Also, its shares have appreciated 42.1% in the past year.
Guaranty Bancorp GBNK currently carries a Zacks Rank #2 (Buy). In the past 30 days, the Zacks Consensus Estimate for the company inched up 1.6% for the current year. Its shares have gained 21.7% over the past year.
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