DDD Partners LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 51.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,246 shares of the software giant’s stock after selling 72,923 shares during the period. Microsoft makes up about 3.0% of DDD Partners LLC’s portfolio, making the stock its 15th biggest holding. DDD Partners LLC’s holdings in Microsoft were worth $9,276,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Microsoft by 0.7% in 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 in the last quarter. Clearbridge Investments LLC lifted its position in Microsoft by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after acquiring an additional 201,876 shares during the period. Fisher Asset Management LLC lifted its position in Microsoft by 3.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock worth $2,789,348,000 after acquiring an additional 778,351 shares during the period. Lunia Capital LP lifted its position in Microsoft by 9,650.2% during the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after acquiring an additional 16,861,809 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Microsoft by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after acquiring an additional 150,105 shares during the period. 72.39% of the stock is owned by institutional investors.
NASDAQ:MSFT traded up $0.41 during trading hours on Friday, hitting $137.93. The company’s stock had a trading volume of 3,717,070 shares, compared to its average volume of 22,346,984. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $141.68. The stock has a market capitalization of $1,039.03 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22. The stock has a fifty day moving average of $137.25 and a 200-day moving average of $128.50. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period last year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current year.
In other news, CMO Christopher C. Capossela sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the completion of the transaction, the chief marketing officer now directly owns 119,579 shares of the company’s stock, valued at approximately $16,212,520.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 40,000 shares of the firm’s stock in a transaction that occurred 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 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. Over the last ninety days, insiders sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on MSFT. Canaccord Genuity lifted their price target on Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group set a $93.00 price objective on Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Deutsche Bank set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Credit Suisse Group set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus lifted their price target on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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