American Trust raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 28.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,353 shares of the software giant’s stock after purchasing an additional 11,060 shares during the period. Microsoft accounts for approximately 1.0% of American Trust’s investment portfolio, making the stock its 18th biggest position. American Trust’s holdings in Microsoft were worth $15,216,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares during the period. Arbor Investment Advisors LLC boosted its position in shares of Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares during the period. KRS Capital Management LLC boosted its position in shares of Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares during the period. Dfpg Investments LLC boosted its position in shares of Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after acquiring an additional 5,030 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.
Microsoft Stock Performance
NASDAQ:MSFT opened at $244.74 on Friday. The company has a market capitalization of $1.83 trillion, a PE ratio of 25.39, a P/E/G ratio of 2.12 and a beta of 0.94. The company has a 50 day simple moving average of $269.27 and a two-hundred day simple moving average of $274.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the company posted $2.17 EPS. Research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on MSFT shares. JPMorgan Chase & Co. set a $320.00 target price on shares of Microsoft in a research report on Thursday, June 9th. UBS Group set a $330.00 target price on shares of Microsoft in a research report on Thursday. Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a research report on Tuesday, September 6th. Wolfe Research cut their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Finally, Wells Fargo & Company cut their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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