Rainier Group Investment Advisory LLC decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,257 shares of the software giant’s stock after selling 656 shares during the period. Microsoft Corporation accounts for 0.5% of Rainier Group Investment Advisory LLC’s investment portfolio, making the stock its 12th largest holding. Rainier Group Investment Advisory LLC’s holdings in Microsoft Corporation were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of MSFT. Asset Planning Services Ltd. increased its holdings in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Pacific Center for Financial Services purchased a new position in shares of Microsoft Corporation in the 4th quarter valued at about $155,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation during the 4th quarter valued at about $161,000. Schneider Downs Wealth Management Advisors LP purchased a new position in Microsoft Corporation during the 1st quarter valued at about $209,000. Finally, Cordasco Financial Network increased its holdings in Microsoft Corporation by 44.6% during the 1st quarter. Cordasco Financial Network now owns 3,326 shares of the software giant’s stock valued at $219,000 after acquiring an additional 1,026 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
In other news, insider G Mason Morfit sold 7,000,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. 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. Corporate insiders own 2.99% of the company’s stock.
Microsoft Corporation (MSFT) traded up 0.72% on Friday, reaching $75.31. The company’s stock had a trading volume of 38,578,441 shares. Microsoft Corporation has a 12 month low of $56.32 and a 12 month high of $75.49. The company has a 50-day moving average price of $73.27 and a 200 day moving average price of $69.57. The company has a market cap of $580.06 billion, a P/E ratio of 27.79 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. On average, equities research analysts anticipate that Microsoft Corporation will post $3.14 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Vetr downgraded 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. Canaccord Genuity reiterated a “hold” rating and set a $76.00 price target on shares of Microsoft Corporation in a report on Friday. BMO Capital Markets lifted their price target on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. UBS AG reissued a “buy” rating and issued a $82.00 target price (up from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $85.00 target price (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 given a hold rating and thirty have given a buy rating to the stock. Microsoft Corporation has a consensus rating of “Buy” and a consensus price target of $76.72.
Microsoft Corporation 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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