Forsta AP Fonden Sells 3,100 Shares of Microsoft Corporation (MSFT)
Forsta AP Fonden decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,276 shares of the software giant’s stock after selling 3,100 shares during the quarter. Forsta AP Fonden’s holdings in Microsoft Corporation were worth $10,221,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Heritage Way Advisors LLC acquired a new position in Microsoft Corporation in the 4th quarter worth about $2,498,000. IFM Investors Pty Ltd acquired a new position in Microsoft Corporation in the 4th quarter worth about $5,893,000. Pittenger & Anderson Inc. raised its holdings in Microsoft Corporation by 0.4% in the 4th quarter. Pittenger & Anderson Inc. now owns 144,835 shares of the software giant’s stock worth $9,000,000 after purchasing an additional 586 shares during the period. Thrivent Financial for Lutherans raised its holdings in Microsoft Corporation by 9.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,860,773 shares of the software giant’s stock worth $426,332,000 after purchasing an additional 603,184 shares during the period. Finally, Pacific Center for Financial Services acquired a new position in Microsoft Corporation in the 4th quarter worth about $155,000. Hedge funds and other institutional investors own 73.47% of the company’s stock.
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Microsoft Corporation (MSFT) traded up 0.40% during mid-day trading on Wednesday, reaching $74.98. The company’s stock had a trading volume of 5,771,330 shares. The stock’s 50 day moving average price is $73.16 and its 200 day moving average price is $69.41. Microsoft Corporation has a 1-year low of $55.98 and a 1-year high of $75.24. The stock has a market capitalization of $577.51 billion, a P/E ratio of 27.67 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Analysts expect that Microsoft Corporation will post $3.17 EPS for the current fiscal year.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
MSFT has been the subject of a number of analyst reports. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Evercore ISI reaffirmed a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a report on Friday, August 18th. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Microsoft Corporation in a report on Monday, May 29th. Finally, Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target for the company. in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $76.72.
Microsoft Corporation Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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