Mogy Joel R Investment Counsel Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,205 shares of the software giant’s stock after selling 385 shares during the period. Microsoft accounts for 5.9% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Microsoft were worth $45,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA boosted its stake 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. Centaurus Financial Inc. boosted its stake in shares of Microsoft by 21.1% during the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after purchasing an additional 561 shares in the last quarter. Mackey Komara & Dankovich LLC boosted its stake in shares of Microsoft by 335.8% during the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock valued at $113,000 after purchasing an additional 2,770 shares in the last quarter. Finally, Asset Planning Services Ltd. bought a new position in shares of Microsoft during the second quarter valued at approximately $116,000. Institutional investors and hedge funds own 72.39% of the company’s stock.
A number of research firms have recently issued reports on MSFT. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. Macquarie increased their target price 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. BMO Capital Markets increased their target price on shares of Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. 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 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $149.21.
In other news, CMO Christopher C. Capossela sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $135.58, for a total value of $1,220,220.00. Following the sale, the chief marketing officer now owns 119,579 shares in the company, valued at $16,212,520.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 99,837 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the completion of the sale, the chief executive officer now owns 1,124,339 shares in the company, valued at approximately $154,259,310.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,757 shares of company stock valued at $43,735,918. Corporate insiders own 1.38% of the company’s stock.
NASDAQ MSFT opened at $137.52 on Friday. The company has a fifty day simple moving average of $137.25 and a two-hundred day simple moving average of $128.50. The stock has a market cap of $1,050.02 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.39 and a beta of 1.22. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68. 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 posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current 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.
Featured Story: How to invest in blue-chip stocks
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.