Green Square Capital LLC Increases Stake in Microsoft Corporation (MSFT)
Green Square Capital LLC lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,866 shares of the software giant’s stock after purchasing an additional 3,850 shares during the period. Green Square Capital LLC’s holdings in Microsoft Corporation were worth $1,177,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Planning Services Ltd. lifted its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $155,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $161,000. Arcus Capital Partners LLC purchased a new stake in shares of Microsoft Corporation in the 1st quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation in the 1st quarter worth approximately $209,000. 73.47% of the stock is owned by hedge funds and other institutional investors.
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In other Microsoft Corporation news, 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 value of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by insiders.
Microsoft Corporation (NASDAQ MSFT) traded up 0.39% during midday trading on Wednesday, reaching $74.97. 5,046,455 shares of the company traded hands. The company’s 50-day moving average price is $73.13 and its 200 day moving average price is $69.33. Microsoft Corporation has a 12 month low of $55.98 and a 12 month high of $75.18. The firm has a market capitalization of $577.44 billion, a PE ratio of 27.66 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, equities analysts anticipate that Microsoft Corporation will post $3.17 earnings per share for the current year.
Several research firms recently commented on MSFT. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $88.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research note on Friday, June 16th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research note on Monday, June 12th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.72.
Microsoft Corporation Company 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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