Sii Investments Inc. WI lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 167,002 shares of the software giant’s stock after selling 1,958 shares during the period. Sii Investments Inc. WI’s holdings in Microsoft were worth $12,438,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC raised its stake in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services raised its stake in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC raised its stake in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after purchasing an additional 98,752 shares in the last quarter. 72.94% of the stock is owned by institutional investors.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $930,900 over the last quarter. 1.49% of the stock is currently owned by company insiders.
Microsoft Co. (NASDAQ:MSFT) opened at $96.54 on Friday. Microsoft Co. has a 52 week low of $64.12 and a 52 week high of $96.54. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $759,950.00, a P/E ratio of 29.61, a PEG ratio of 2.17 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. analysts expect that Microsoft Co. will post 3.65 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3252774/sii-investments-inc-wi-sells-1958-shares-of-microsoft-co-msft.html.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.