Kensico Capital Management Corp boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,560,800 shares of the software giant’s stock after buying an additional 98,400 shares during the quarter. Microsoft Corporation comprises 8.3% of Kensico Capital Management Corp’s portfolio, making the stock its 3rd biggest holding. Kensico Capital Management Corp owned 0.10% of Microsoft Corporation worth $497,954,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Asset Planning Services Ltd. boosted its holdings in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after acquiring an additional 837 shares during the period. Pacific Center for Financial Services bought a new stake in shares of Microsoft Corporation in the fourth quarter valued at about $155,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Microsoft Corporation in the fourth quarter valued at about $161,000. Arcus Capital Partners LLC bought a new stake in shares of Microsoft Corporation in the first quarter valued at about $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Microsoft Corporation in the first quarter valued at about $209,000. 73.47% of the stock is currently owned by hedge funds and other institutional investors.
MSFT has been the subject of a number of research reports. Vetr lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target for the company. in a report on Tuesday, September 12th. Canaccord Genuity reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Microsoft Corporation in a research note on Friday. BMO Capital Markets raised their price objective on shares of Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. UBS AG reaffirmed a “buy” rating and issued a $82.00 price objective (up from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Two 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. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus target price of $76.72.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.72% during midday trading on Friday, hitting $75.31. The stock had a trading volume of 38,578,441 shares. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.49. The stock has a market cap of $580.06 billion, a PE ratio of 27.79 and a beta of 1.00. The firm has a 50 day moving average price of $73.27 and a 200 day moving average price of $69.57.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post $3.14 earnings per share for the current fiscal year.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the firm’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 transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock worth $515,879,974. Company insiders own 2.99% of the company’s stock.
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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