Lara May & Associates LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the 1st quarter, HoldingsChannel.com reports. The fund bought 2,175 shares of the software giant’s stock, valued at approximately $199,000.

Several other institutional investors have also made changes to their positions in MSFT. BlackRock Inc. increased its holdings in Microsoft by 1.3% in the 1st quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after acquiring an additional 6,488,089 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Microsoft by 12.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,839,945 shares of the software giant’s stock worth $2,540,952,000 after acquiring an additional 3,049,723 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Microsoft by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,899,699 shares of the software giant’s stock worth $1,998,786,000 after acquiring an additional 346,564 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Microsoft by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,956,647 shares of the software giant’s stock worth $1,912,713,000 after acquiring an additional 1,473,682 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Microsoft by 0.5% in the 4th quarter. California Public Employees Retirement System now owns 18,709,029 shares of the software giant’s stock worth $1,600,370,000 after acquiring an additional 91,553 shares during the last quarter. 71.75% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $124.00 price objective on shares of Microsoft in a report on Monday, September 3rd. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Morgan Stanley reissued a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. Barclays reissued a “buy” rating and issued a $117.00 price objective on shares of Microsoft in a report on Friday, August 10th. Finally, Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Monday, August 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $119.49.

MSFT stock opened at $112.14 on Tuesday. 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 stock has a market cap of $872.93 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.17 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 earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. sell-side analysts expect that Microsoft Co. will post 4.25 EPS for the current fiscal year.

In other news, insider Jean Philippe Courtois sold 28,941 shares of Microsoft stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the completion of the sale, the insider now owns 529,721 shares in the company, valued at approximately $57,739,589. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.31, for a total value of $4,452,400.00. Following the sale, the executive vice president now owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock valued at $71,264,850 in the last ninety days. Insiders own 1.49% of the company’s stock.

Microsoft Profile

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.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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