Thompson Investment Management Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,420 shares of the software giant’s stock after selling 7,516 shares during the period. Microsoft accounts for approximately 3.1% of Thompson Investment Management Inc.’s portfolio, making the stock its largest holding. Thompson Investment Management Inc.’s holdings in Microsoft were worth $15,998,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Guardian Investment Management boosted its position in shares of Microsoft by 4.2% in the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after acquiring an additional 1,240 shares during the last quarter. Navellier & Associates Inc increased its position in Microsoft by 0.6% during the second quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC increased its position in Microsoft by 3.5% during the second quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after purchasing an additional 295 shares during the last quarter. Legacy Financial Strategies LLC acquired a new position in Microsoft during the second quarter worth approximately $211,000. Finally, Axiom International Investors LLC DE raised its stake in Microsoft by 24.3% during the second quarter. Axiom International Investors LLC DE now owns 1,042,490 shares of the software giant’s stock worth $139,652,000 after purchasing an additional 203,715 shares during the period. Institutional investors and hedge funds own 72.39% of the company’s stock.
Shares of NASDAQ MSFT traded down $0.32 during trading on Wednesday, reaching $135.76. 484,557 shares of the stock were exchanged, compared to its average volume of 22,176,644. The company has a market capitalization of $1,050.02 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The business’s 50-day moving average price is $137.31 and its 200 day moving average price is $128.38. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $141.68.
In related news, EVP Jean Philippe Courtois sold 11,779 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.00, for a total value of $1,649,060.00. Following the completion of the transaction, the executive vice president now owns 597,727 shares of the company’s stock, valued at $83,681,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,757 shares of company stock valued at $37,105,698. 1.38% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on the stock. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. Deutsche Bank set a $155.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Jefferies Financial Group set a $93.00 target price on Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Finally, Canaccord Genuity boosted their price target on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $149.21.
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.
Read More: Systematic Risk
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.