Motco decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,742 shares of the software giant’s stock after selling 1,337 shares during the quarter. Microsoft accounts for approximately 1.3% of Motco’s portfolio, making the stock its 10th largest holding. Motco’s holdings in Microsoft were worth $13,764,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Quantamental Technologies LLC purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $26,000. LFA Lugano Financial Advisors SA boosted its stake in Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Centaurus Financial Inc. boosted its stake in Microsoft by 21.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after purchasing an additional 561 shares during the last quarter. Mackey Komara & Dankovich LLC grew its holdings in shares of Microsoft by 335.8% during the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after buying an additional 2,770 shares in the last quarter. Finally, Asset Planning Services Ltd. purchased a new stake in shares of Microsoft during the second quarter worth $116,000. 72.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSFT stock traded down $0.32 during trading on Wednesday, hitting $135.76. 484,557 shares of the stock traded hands, compared to its average volume of 22,176,644. The firm has a market capitalization of $1,050.02 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The firm’s fifty day moving average price is $137.31 and its 200-day moving average price is $128.38. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $141.68.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 5.22 earnings per share for the current year.
In other Microsoft news, CFO Amy Hood sold 123,769 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the transaction, the chief financial officer now owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank H. Brod sold 4,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. Insiders sold 269,757 shares of company stock worth $37,105,698 in the last 90 days. Company insiders own 1.38% of the company’s stock.
A number of brokerages have recently commented on MSFT. Stifel Nicolaus increased their target price on shares of Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Co set a $160.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $153.00 price objective on shares of Microsoft in a research note on Wednesday, July 24th. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets raised their target price on shares of Microsoft from $147.00 to $153.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and an average target price of $149.21.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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