Harbour Capital Advisors LLC Buys New Holdings in Microsoft Corporation (MSFT)

Harbour Capital Advisors LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,356 shares of the software giant’s stock, valued at approximately $1,999,000. Microsoft Corporation comprises about 0.9% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors also recently modified their holdings of the company. Northstar Group Inc. raised its position in shares of Microsoft Corporation by 0.3% during the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares during the period. Gierl Augustine Investment Management Inc raised its position in shares of Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares during the period. Vista Capital Partners Inc. raised its position in shares of Microsoft Corporation by 0.4% during the 1st quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares during the period. McQueen Ball & Associates Inc. raised its position in shares of Microsoft Corporation by 0.6% during the 1st quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock valued at $584,000 after buying an additional 57 shares during the period. Finally, Syntal Capital Partners LLC raised its position in shares of Microsoft Corporation by 0.8% during the 1st quarter. Syntal Capital Partners LLC now owns 8,121 shares of the software giant’s stock valued at $534,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 73.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Harbour Capital Advisors LLC Buys New Holdings in Microsoft Corporation (MSFT)” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.thestockobserver.com/2017/09/12/harbour-capital-advisors-llc-buys-new-holdings-in-microsoft-corporation-msft.html.

Several analysts have recently commented on MSFT shares. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target on the stock in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and set a $49.00 price target (up previously from $45.00) on shares of Microsoft Corporation in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus target price of $76.72.

Microsoft Corporation (MSFT) traded down 0.2409% on Tuesday, hitting $74.5799. 6,344,022 shares of the stock traded hands. Microsoft Corporation has a 12-month low of $55.98 and a 12-month high of $75.24. The stock has a market capitalization of $574.43 billion, a P/E ratio of 27.5203 and a beta of 1.00. The company’s 50 day moving average price is $73.08 and its 200-day moving average price is $69.29.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. The firm 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%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. Analysts predict that Microsoft Corporation will post $3.17 EPS for the current year.

In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last 90 days. Corporate insiders own 2.99% of the company’s stock.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply