Microsoft Co. (MSFT) Stake Lowered by Trust Investment Advisors

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Trust Investment Advisors reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,735 shares of the software giant’s stock after selling 1,000 shares during the period. Microsoft makes up 4.4% of Trust Investment Advisors’ portfolio, making the stock its 2nd biggest holding. Trust Investment Advisors’ holdings in Microsoft were worth $3,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. grew its position in shares of Microsoft by 3.1% during the 1st quarter. Suntrust Banks Inc. now owns 2,766,961 shares of the software giant’s stock valued at $252,539,000 after purchasing an additional 83,529 shares in the last quarter. Ashburton Jersey Ltd grew its position in shares of Microsoft by 2.9% during the 1st quarter. Ashburton Jersey Ltd now owns 280,510 shares of the software giant’s stock valued at $25,602,000 after purchasing an additional 7,849 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in shares of Microsoft during the 1st quarter valued at $855,000. Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of Microsoft by 6.4% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 10,916 shares of the software giant’s stock valued at $996,000 after purchasing an additional 659 shares in the last quarter. Finally, BDO Wealth Advisors LLC grew its position in shares of Microsoft by 6.9% during the 1st quarter. BDO Wealth Advisors LLC now owns 28,326 shares of the software giant’s stock valued at $2,585,000 after purchasing an additional 1,826 shares in the last quarter. Hedge funds and other institutional investors own 71.87% of the company’s stock.

Microsoft stock opened at $113.37 on Friday. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $860.14 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. Microsoft Co. has a twelve month low of $72.92 and a twelve month high of $113.73.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. equities analysts anticipate that Microsoft Co. will post 4.25 EPS for the current fiscal year.

A number of research firms have recently commented on MSFT. Royal Bank of Canada set a $124.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, September 10th. Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of Microsoft in a research report on Monday, September 10th. Barclays lifted their price objective on shares of Microsoft from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, September 7th. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus price target of $119.49.

In other Microsoft news, CFO Amy Hood sold 118,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the sale, the chief financial officer now directly owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction on 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 directly owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock valued at $71,264,850 over the last three months. 1.49% of the stock is currently owned by insiders.

About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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