Palladium Partners LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393,463 shares of the software giant’s stock after selling 6,304 shares during the period. Microsoft comprises approximately 3.6% of Palladium Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Palladium Partners LLC’s holdings in Microsoft were worth $52,708,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Janus Henderson Group PLC raised its position in shares of Microsoft by 0.7% during the 2nd quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after purchasing an additional 342,648 shares during the last quarter. Clearbridge Investments LLC raised its stake in Microsoft by 0.8% in the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock valued at $2,861,479,000 after purchasing an additional 201,876 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Microsoft by 3.9% in the 2nd quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock valued at $2,789,348,000 after purchasing an additional 778,351 shares in the last quarter. Lunia Capital LP lifted its stake in Microsoft by 9,650.2% in the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after purchasing an additional 16,861,809 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Microsoft by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock valued at $1,375,016,000 after purchasing an additional 150,105 shares in the last quarter. Institutional investors own 72.39% of the company’s stock.
Several research analysts have recently commented on the company. Cowen initiated coverage on Microsoft in a report on Thursday, July 11th. They set an “outperform” rating and a $150.00 price target on the stock. Deutsche Bank set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group set a $93.00 price objective on shares of Microsoft and gave the stock a “sell” rating in a research report on Friday, July 19th. Mizuho set a $152.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Macquarie increased their price target on shares of Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus price target of $149.21.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period last year, the business posted $1.13 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.
In other Microsoft news, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the sale, the chief marketing officer now directly owns 136,623 shares in the company, valued at approximately $18,862,171.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Amy Hood sold 123,769 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the sale, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The disclosure for this sale can be found here. Insiders sold a total of 269,757 shares of company stock worth $37,105,698 in the last quarter. Company insiders own 1.38% of the company’s stock.
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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