SRS Capital Advisors Inc. purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,931 shares of the software giant’s stock, valued at approximately $527,000.
Several other large investors also recently added to or reduced their stakes in the stock. Legacy Bridge LLC purchased a new position in shares of Microsoft during the 4th quarter worth $1,371,000. D.B. Root & Company LLC raised its position in shares of Microsoft by 0.8% during the 4th quarter. D.B. Root & Company LLC now owns 29,798 shares of the software giant’s stock valued at $3,027,000 after purchasing an additional 243 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Microsoft by 25.3% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 701,814 shares of the software giant’s stock valued at $71,283,000 after purchasing an additional 141,805 shares during the period. Concorde Asset Management LLC raised its position in shares of Microsoft by 15.4% during the 4th quarter. Concorde Asset Management LLC now owns 5,257 shares of the software giant’s stock valued at $533,000 after purchasing an additional 701 shares during the period. Finally, Pachira Investments Inc. raised its position in shares of Microsoft by 4.4% during the 4th quarter. Pachira Investments Inc. now owns 2,297 shares of the software giant’s stock valued at $233,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 72.39% of the company’s stock.
In other Microsoft news, CAO Frank H. Brod sold 4,000 shares of Microsoft 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 completion of the transaction, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at approximately $7,449,154.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the completion of the transaction, the executive vice president now directly owns 198,042 shares of the company’s stock, valued at $26,785,180.50. The disclosure for this sale can be found here. Insiders sold a total of 318,757 shares of company stock valued at $43,735,918 over the last three months. Corporate insiders own 1.38% of the company’s stock.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $155.00 price objective on shares of Microsoft in a research report on Friday, July 19th. Canaccord Genuity raised their price objective on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. CIBC raised their price objective on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Macquarie raised their price objective on shares of Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Cowen assumed coverage on shares of Microsoft in a research report on Thursday, July 11th. They set an “outperform” rating and a $150.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $149.21.
NASDAQ MSFT traded down $0.20 on Friday, reaching $137.32. The company had a trading volume of 16,554,185 shares, compared to its average volume of 21,956,926. 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 stock has a market capitalization of $1,039.33 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22. The firm’s 50 day moving average price is $137.19 and its 200 day moving average price is $128.64. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The company had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. Microsoft’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. On average, research analysts expect that Microsoft Co. will post 5.22 EPS for the current 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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