Bbva Compass Bancshares Inc. Has $13,611,000 Stake in Microsoft Corp. (MSFT)
Bbva Compass Bancshares Inc. increased its position in Microsoft Corp. (NASDAQ:MSFT) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266,008 shares of the software giant’s stock after buying an additional 18,940 shares during the period. Microsoft Corp. accounts for approximately 1.0% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 19th largest position. Bbva Compass Bancshares Inc.’s holdings in Microsoft Corp. were worth $13,611,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Strategic Wealth Advisors Group Inc. increased its stake in shares of Microsoft Corp. by 29.5% in the fourth quarter. Strategic Wealth Advisors Group Inc. now owns 26,747 shares of the software giant’s stock worth $1,484,000 after buying an additional 6,095 shares in the last quarter. Reliance Trust Co. of Delaware increased its stake in Microsoft Corp. by 4.1% in the fourth quarter. Reliance Trust Co. of Delaware now owns 436,031 shares of the software giant’s stock valued at $24,191,000 after buying an additional 17,326 shares during the period. Sonora Investment Management LLC increased its stake in Microsoft Corp. by 27.2% in the fourth quarter. Sonora Investment Management LLC now owns 37,276 shares of the software giant’s stock valued at $2,068,000 after buying an additional 7,963 shares during the period. Laurel Wealth Advisors Inc. acquired a new stake in Microsoft Corp. during the fourth quarter valued at $2,565,000. Finally, Norges Bank acquired a new stake in Microsoft Corp. during the fourth quarter valued at $3,689,539,000. Institutional investors own 71.65% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.56% during mid-day trading on Monday, hitting $56.93. The company had a trading volume of 20,937,104 shares. Microsoft Corp. has a 12 month low of $43.05 and a 12 month high of $58.70. The firm has a market capitalization of $443.63 billion, a P/E ratio of 27.11 and a beta of 1.08. The firm has a 50-day moving average price of $57.51 and a 200 day moving average price of $53.89.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The firm had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same quarter last year, the business posted $0.60 EPS. On average, equities research analysts forecast that Microsoft Corp. will post $2.90 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MSFT. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 target price for the company in a research report on Thursday, September 8th. Pacific Crest reiterated a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $62.00 target price on shares of Microsoft Corp. in a research report on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research report on Monday, July 25th. Finally, Nomura reiterated a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Microsoft Corp. has a consensus rating of “Buy” and a consensus price target of $59.25.
In other Microsoft Corp. news, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the transaction, the chief financial officer now directly owns 523,425 shares in the company, valued at approximately $30,285,370.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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