Stellar Capital Management LLC lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,410 shares of the software giant’s stock after selling 685 shares during the period. Microsoft Corporation makes up about 2.5% of Stellar Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Stellar Capital Management LLC’s holdings in Microsoft Corporation were worth $3,320,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. united american securities inc. d b a uas asset management bought a new position in Microsoft Corporation during the 1st quarter valued at approximately $329,000. Farmhouse Investment Management LLC bought a new position in Microsoft Corporation during the 1st quarter valued at approximately $1,587,000. Flagship Harbor Advisors LLC increased its position in Microsoft Corporation by 30.9% during the 1st quarter. Flagship Harbor Advisors LLC now owns 29,275 shares of the software giant’s stock valued at $1,927,000 after buying an additional 6,914 shares in the last quarter. Soros Fund Management LLC increased its position in Microsoft Corporation by 220.0% during the 1st quarter. Soros Fund Management LLC now owns 12,800 shares of the software giant’s stock valued at $843,000 after buying an additional 8,800 shares in the last quarter. Finally, New England Asset Management Inc. increased its position in Microsoft Corporation by 10.9% during the 1st quarter. New England Asset Management Inc. now owns 118,608 shares of the software giant’s stock valued at $7,811,000 after buying an additional 11,700 shares in the last quarter. 73.47% of the stock is owned by institutional investors.
A number of research firms have commented on MSFT. Vetr lowered Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a report on Tuesday. UBS AG reissued a “buy” rating and issued a $82.00 target price (up previously from $73.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and issued a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Canaccord Genuity lifted their target price on Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, BMO Capital Markets lifted their target price on Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $76.72.
In other news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last 90 days. Insiders own 2.99% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) traded down 0.25% on Tuesday, hitting $74.57. The stock had a trading volume of 6,343,357 shares. The stock has a market cap of $574.36 billion, a PE ratio of 27.52 and a beta of 1.00. Microsoft Corporation has a 12 month low of $55.98 and a 12 month high of $75.24. The firm’s 50 day moving average price is $73.08 and its 200-day moving average price is $69.29.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. On average, analysts forecast that Microsoft Corporation will post $3.17 EPS for the current year.
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Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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