Muhlenkamp & Co. Inc. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 231,413 shares of the software giant’s stock after selling 975 shares during the period. Microsoft accounts for about 5.4% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 4th biggest position. Muhlenkamp & Co. Inc.’s holdings in Microsoft were worth $17,238,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC grew 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 worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC grew 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 worth $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services grew 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 worth $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC grew 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 worth $185,000 after purchasing an additional 30 shares in the last quarter. Finally, Mitchell Capital Management Co. acquired a new position in Microsoft in the third quarter worth about $201,000. Institutional investors own 73.88% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now owns 171,278 shares of the company’s stock, valued at $15,928,854. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the business’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 approximately $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock worth $930,900. 1.49% of the stock is owned by corporate insiders.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $96.54 on Monday. The firm has a market capitalization of $743,338.00, a P/E ratio of 27.50, a PEG ratio of 2.23 and a beta of 1.04. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft Co. has a twelve month low of $64.12 and a twelve month high of $96.54.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping 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 firm had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. sell-side analysts forecast that Microsoft Co. will post 3.65 EPS for the current year.
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Microsoft 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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