Financial Partners Capital Management LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,408 shares of the software giant’s stock after selling 2,901 shares during the quarter. Microsoft comprises about 3.4% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Financial Partners Capital Management LLC’s holdings in Microsoft were worth $11,263,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Microsoft in the first quarter worth $147,000. Ballew Advisors Inc purchased a new position in shares of Microsoft in the first quarter worth $164,000. Lara May & Associates LLC purchased a new position in shares of Microsoft in the first quarter worth $199,000. AlphaStar Capital Management LLC purchased a new position in shares of Microsoft in the fourth quarter worth $204,000. Finally, Trilogy Capital Inc. purchased a new position in shares of Microsoft in the fourth quarter worth $207,000. Institutional investors and hedge funds own 71.87% of the company’s stock.
In other Microsoft news, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the sale, the executive vice president now directly owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. Insiders have sold 650,042 shares of company stock valued at $71,264,850 in the last three months. 1.49% of the stock is currently owned by corporate insiders.
Microsoft stock opened at $112.91 on Friday. The firm has a market cap of $856.52 billion, a P/E ratio of 29.10, a PEG ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. Microsoft Co. has a one year low of $72.92 and a one year high of $113.72.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. Microsoft’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. research analysts anticipate that Microsoft Co. will post 4.25 earnings per share for the current year.
Several research firms have recently weighed in on MSFT. BidaskClub cut Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Stifel Nicolaus boosted their price target on Microsoft from $107.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Sanford C. Bernstein set a $135.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. Bank of America boosted their price target on Microsoft from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Wells Fargo & Co set a $120.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $119.49.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.