Foresters Investment Management Company Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 869,608 shares of the software giant’s stock after acquiring an additional 59,200 shares during the period. Microsoft accounts for about 1.7% of Foresters Investment Management Company Inc.’s investment portfolio, making the stock its largest holding. Foresters Investment Management Company Inc.’s holdings in Microsoft were worth $88,326,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $26,000. Highwater Wealth Management LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $27,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $30,000. Pearl River Capital LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $38,000. Finally, Ayalon Holdings Ltd. bought a new stake in shares of Microsoft in the fourth quarter worth approximately $41,000. 72.10% of the stock is owned by institutional investors.
Shares of NASDAQ MSFT opened at $131.49 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. The company has a market cap of $1,006.89 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $134.24.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The company had revenue of $30.57 billion during the quarter, compared to analyst estimates of $29.86 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 4.58 EPS for the current year.
In other Microsoft news, EVP Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total transaction of $630,100.00. Following the transaction, the executive vice president now owns 144,934 shares of the company’s stock, valued at $18,264,582.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Bradford L. Smith sold 192,300 shares of Microsoft stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the transaction, the president now directly owns 754,442 shares in the company, valued at approximately $98,333,970.28. The disclosure for this sale can be found here. Insiders have sold 216,247 shares of company stock worth $28,204,754 in the last ninety days. Insiders own 1.38% of the company’s stock.
A number of analysts have recently commented on the stock. KeyCorp reiterated a “buy” rating and issued a $143.00 price target on shares of Microsoft in a research note on Tuesday. Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price target on shares of Microsoft in a research note on Thursday, April 18th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Microsoft in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $135.75.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.
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