Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,040 shares of the software giant’s stock after acquiring an additional 2,043 shares during the period. Microsoft comprises 1.2% of Wilbanks Smith & Thomas Asset Management LLC’s portfolio, making the stock its 17th largest position. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Microsoft were worth $17,956,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its position in shares of Microsoft by 274.5% during the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Microsoft in the fourth quarter worth $26,000. Asset Planning Services Ltd. purchased a new stake in Microsoft in the second quarter worth $116,000. Semmax Financial Advisors Inc. bought a new position in Microsoft in the fourth quarter worth $117,000. Finally, Ironwood Financial llc raised its holdings in Microsoft by 6.3% in the second quarter. Ironwood Financial llc now owns 1,357 shares of the software giant’s stock worth $182,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 72.39% of the company’s stock.
Several research analysts recently issued reports on MSFT shares. Mizuho set a $152.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, September 6th. Wedbush reissued an “outperform” rating on shares of Microsoft in a research note on Thursday, August 29th. Morgan Stanley raised their target price on shares of Microsoft from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Raymond James upped their price target on Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 19th. Finally, CIBC raised their price objective on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $149.21.
In other Microsoft news, EVP Jean Philippe Courtois sold 11,779 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.00, for a total transaction of $1,649,060.00. Following the completion of the sale, the executive vice president now directly owns 597,727 shares in the company, valued at approximately $83,681,780. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Frank H. Brod sold 4,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total value of $548,680.00. Following the transaction, the chief accounting officer now directly owns 54,306 shares in the company, valued at $7,449,154.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,757 shares of company stock worth $37,105,698. 1.38% of the stock is owned by insiders.
MSFT traded down $0.32 during midday trading on Wednesday, hitting $135.76. 484,557 shares of the company traded hands, compared to its average volume of 22,176,644. The company’s 50-day moving average is $137.31 and its 200 day moving average is $128.38. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,050.02 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.
Microsoft Company Profile
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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