Delta Asset Management LLC TN Grows Position in Microsoft Corporation (MSFT)
Delta Asset Management LLC TN lifted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 646,024 shares of the software giant’s stock after acquiring an additional 2,302 shares during the period. Microsoft Corporation accounts for about 6.9% of Delta Asset Management LLC TN’s portfolio, making the stock its largest position. Delta Asset Management LLC TN’s holdings in Microsoft Corporation were worth $44,530,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Tompkins Financial Corp lifted its position in shares of Microsoft Corporation by 21.1% during the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after acquiring an additional 18,225 shares during the period. State of Wisconsin Investment Board lifted its position in shares of Microsoft Corporation by 7.3% during the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after acquiring an additional 530,893 shares during the period. Wealthfront Inc. lifted its position in shares of Microsoft Corporation by 15.8% during the 4th quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after acquiring an additional 31,364 shares during the period. Dodge & Cox acquired a new position in shares of Microsoft Corporation during the 4th quarter valued at $2,658,504,000. Finally, Cribstone Capital Management LLC lifted its position in shares of Microsoft Corporation by 33.5% during the 1st quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock valued at $2,554,000 after acquiring an additional 9,768 shares during the period. Institutional investors own 73.40% of the company’s stock.
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A number of research analysts recently issued reports on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Monday. Canaccord Genuity reiterated a “hold” rating and set a $76.00 target price on shares of Microsoft Corporation in a research report on Friday. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price on the stock. in a research report on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and set a $82.00 target price on shares of Microsoft Corporation in a research report on Sunday, September 10th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $76.72.
Microsoft Corporation (NASDAQ MSFT) traded up 0.418% on Monday, hitting $75.625. 6,928,602 shares of the company traded hands. The firm’s 50 day moving average price is $73.27 and its 200 day moving average price is $69.57. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $75.97. The firm has a market capitalization of $582.48 billion, a PE ratio of 27.906 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post $3.14 EPS for the current fiscal year.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly 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 three months, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by insiders.
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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