Vicus Capital trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,300 shares of the software giant’s stock after selling 3,640 shares during the period. Microsoft comprises about 2.2% of Vicus Capital’s holdings, making the stock its 8th largest position. Vicus Capital’s holdings in Microsoft were worth $15,580,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Concorde Asset Management LLC lifted its stake in shares of Microsoft by 15.4% during the fourth quarter. Concorde Asset Management LLC now owns 5,257 shares of the software giant’s stock worth $533,000 after purchasing an additional 701 shares in the last quarter. Pachira Investments Inc. lifted its stake in shares of Microsoft by 4.4% during the fourth quarter. Pachira Investments Inc. now owns 2,297 shares of the software giant’s stock worth $233,000 after purchasing an additional 97 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Microsoft by 3.1% during the fourth quarter. MCF Advisors LLC now owns 20,160 shares of the software giant’s stock worth $2,048,000 after purchasing an additional 605 shares in the last quarter. Adviser Investments LLC lifted its stake in shares of Microsoft by 3.1% during the fourth quarter. Adviser Investments LLC now owns 98,013 shares of the software giant’s stock worth $9,955,000 after purchasing an additional 2,989 shares in the last quarter. Finally, Ellevest Inc. acquired a new position in shares of Microsoft during the fourth quarter worth about $513,000. 72.39% of the stock is currently owned by hedge funds and other institutional investors.
MSFT traded down $0.20 during trading on Friday, reaching $137.32. The stock had a trading volume of 16,554,185 shares, compared to its average volume of 21,901,156. The firm has a market capitalization of $1,050.02 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The stock has a 50 day moving average of $137.19 and a two-hundred day moving average of $128.64.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts forecast that Microsoft Co. will post 5.22 EPS for the current fiscal year.
In other Microsoft news, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the sale, the executive vice president now 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 have sold 318,757 shares of company stock worth $43,735,918 over the last three months. Company insiders own 1.38% of the company’s stock.
A number of brokerages have commented on MSFT. Mizuho set a $152.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, September 6th. CIBC boosted their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Morgan Stanley boosted their price target on Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Argus boosted their price objective on Microsoft to $158.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Macquarie boosted their price objective on Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $149.21.
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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