WealthTrust Axiom LLC Has $5.18 Million Position in Microsoft Co. (NASDAQ:MSFT)

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WealthTrust Axiom LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,641 shares of the software giant’s stock after selling 1,011 shares during the period. Microsoft accounts for 1.8% of WealthTrust Axiom LLC’s portfolio, making the stock its 13th largest position. WealthTrust Axiom LLC’s holdings in Microsoft were worth $5,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MSFT. LFA Lugano Financial Advisors SA boosted its position in shares of Microsoft by 274.5% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $26,000. Asset Planning Services Ltd. bought a new stake in Microsoft in the second quarter valued at about $116,000. Semmax Financial Advisors Inc. bought a new stake in Microsoft in the fourth quarter valued at about $117,000. Finally, Ironwood Financial llc increased its holdings in Microsoft by 6.3% in the second quarter. Ironwood Financial llc now owns 1,357 shares of the software giant’s stock valued at $182,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.39% of the company’s stock.

In related news, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 99,837 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the sale, the chief executive officer now directly owns 1,124,339 shares in the company, valued at $154,259,310.80. The disclosure for this sale can be found here. Insiders have sold 269,757 shares of company stock valued at $37,105,698 over the last three months. Insiders own 1.38% of the company’s stock.

A number of equities analysts have issued reports on the company. KeyCorp restated a “buy” rating and set a $155.00 target price on shares of Microsoft in a report on Thursday, August 29th. CIBC upped their price target on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 target price on shares of Microsoft in a report on Wednesday, July 24th. Jefferies Financial Group set a $93.00 price target on shares of Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Finally, Macquarie upped their price objective on shares of Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $149.21.

NASDAQ:MSFT traded down $0.32 on Wednesday, hitting $135.76. 484,557 shares of the company’s stock were exchanged, compared to its average volume of 22,176,644. The firm has a 50-day moving average price of $137.31 and a 200-day moving average price of $128.38. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The company has a market cap of $1,050.02 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter last year, the company earned $1.13 EPS. Microsoft’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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