Wealth Alliance Advisory Group LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 115.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,819 shares of the software giant’s stock after buying an additional 7,946 shares during the period. Microsoft comprises about 0.8% of Wealth Alliance Advisory Group LLC’s investment portfolio, making the stock its 29th biggest holding. Wealth Alliance Advisory Group LLC’s holdings in Microsoft were worth $1,353,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. BlackRock Inc. boosted its position in Microsoft by 1.3% during the 1st quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock valued at $45,621,287,000 after buying an additional 6,488,089 shares during the period. Summit Trail Advisors LLC lifted its position in shares of Microsoft by 5,931.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after purchasing an additional 4,486,569 shares during the period. Polen Capital Management LLC lifted its position in shares of Microsoft by 52.3% in the 1st quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock worth $1,005,090,000 after purchasing an additional 3,781,879 shares during the period. PointState Capital LP lifted its position in shares of Microsoft by 7,456.3% in the 1st quarter. PointState Capital LP now owns 3,551,481 shares of the software giant’s stock worth $324,144,000 after purchasing an additional 3,504,481 shares during the period. Finally, Mackay Shields LLC purchased a new stake in shares of Microsoft in the 1st quarter worth about $308,968,000. 71.87% of the stock is owned by institutional investors and hedge funds.
MSFT has been the subject of several research analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $115.00 target price on shares of Microsoft in a research report on Friday, June 1st. Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 target price on shares of Microsoft in a research report on Tuesday, June 5th. Argus reaffirmed a “focus list” rating and issued a $116.00 target price on shares of Microsoft in a research report on Wednesday, June 6th. Jefferies Financial Group reaffirmed a “sell” rating and issued a $75.00 target price on shares of Microsoft in a research report on Monday, June 11th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $130.00 target price on shares of Microsoft in a research report on Monday, June 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $119.49.
Shares of Microsoft stock opened at $113.28 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. The stock has a market capitalization of $860.14 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. Microsoft Co. has a 1 year low of $72.92 and a 1 year high of $113.73.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. Microsoft’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. equities research analysts expect that Microsoft Co. will post 4.25 earnings per share for the current fiscal year.
In other Microsoft news, insider Jean Philippe Courtois sold 28,941 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the completion of the sale, the insider now directly owns 529,721 shares in the company, valued at approximately $57,739,589. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,042 shares of company stock valued at $71,264,850. 1.49% of the stock is owned by company insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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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