Farmers & Merchants Investments Inc. raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,694 shares of the software giant’s stock after purchasing an additional 7,011 shares during the period. Microsoft Corporation accounts for about 1.9% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 7th biggest position. Farmers & Merchants Investments Inc.’s holdings in Microsoft Corporation were worth $22,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Hefty Wealth Partners grew its stake in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. grew its stake in shares of Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in shares of Microsoft Corporation during the first quarter valued at approximately $132,000. Pacific Center for Financial Services bought a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $155,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 73.47% of the company’s stock.
Microsoft Corporation (MSFT) traded down 0.29% during mid-day trading on Tuesday, reaching $74.54. 7,088,664 shares of the company traded hands. The stock has a 50-day moving average of $73.08 and a 200 day moving average of $69.29. The stock has a market capitalization of $574.13 billion, a PE ratio of 27.51 and a beta of 1.00. Microsoft Corporation has a 52-week low of $55.98 and a 52-week high of $75.24.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Equities research analysts expect that Microsoft Corporation will post $3.17 earnings per share for the current year.
A number of research analysts have recently commented on MSFT shares. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research cut Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price on the stock in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and set a $49.00 target price (up previously from $45.00) on shares of Microsoft Corporation in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $76.72.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were 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 SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last three months, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
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About Microsoft Corporation
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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