Glassman Wealth Services boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,049 shares of the software giant’s stock after purchasing an additional 607 shares during the period. Microsoft comprises about 2.2% of Glassman Wealth Services’ investment portfolio, making the stock its 10th biggest position. Glassman Wealth Services’ holdings in Microsoft were worth $5,365,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new position in shares of Microsoft in the fourth quarter valued at about $26,000. LFA Lugano Financial Advisors SA lifted its position in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after acquiring an additional 561 shares in the last quarter. Mackey Komara & Dankovich LLC lifted its position in shares of Microsoft by 335.8% in the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after buying an additional 2,770 shares in the last quarter. Finally, Asset Planning Services Ltd. purchased a new stake in shares of Microsoft in the second quarter worth about $116,000. Institutional investors own 72.39% of the company’s stock.
MSFT has been the topic of a number of research analyst reports. Goldman Sachs Group set a $151.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. UBS Group set a $162.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. CIBC boosted their target price on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Oppenheimer boosted their target price on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, BMO Capital Markets boosted their target price on Microsoft from $147.00 to $153.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. 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 given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $149.21.
In other news, CAO Frank H. Brod sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the transaction, the chief accounting officer now owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the transaction, the chief marketing officer now directly owns 136,623 shares in the company, valued at approximately $18,862,171.38. 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. 1.38% of the stock is currently owned by insiders.
Shares of NASDAQ MSFT opened at $137.52 on Friday. The business’s 50 day moving average is $137.25 and its two-hundred day moving average is $128.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The stock has a market capitalization of $1,050.02 billion, a P/E ratio of 28.95, a PEG ratio of 2.39 and a beta of 1.22.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.
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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