Lynch & Associates IN raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,194 shares of the software giant’s stock after buying an additional 378 shares during the quarter. Microsoft comprises approximately 8.4% of Lynch & Associates IN’s holdings, making the stock its largest position. Lynch & Associates IN’s holdings in Microsoft were worth $30,869,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MSFT. Verdad Advisers LP grew its holdings in Microsoft by 68.0% during the 4th quarter. Verdad Advisers LP now owns 10,500 shares of the software giant’s stock valued at $3,531,000 after buying an additional 4,250 shares in the last quarter. Arbor Capital Management Inc. ADV purchased a new position in shares of Microsoft in the fourth quarter valued at $3,419,000. Peregrine Asset Advisers Inc. grew its holdings in shares of Microsoft by 2.3% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 20,569 shares of the software giant’s stock valued at $6,918,000 after purchasing an additional 456 shares in the last quarter. Stenahm Asset Managment Ltd grew its holdings in shares of Microsoft by 12.5% in the fourth quarter. Stenahm Asset Managment Ltd now owns 27,000 shares of the software giant’s stock valued at $9,081,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Fernwood Investment Management LLC grew its holdings in shares of Microsoft by 1.2% in the fourth quarter. Fernwood Investment Management LLC now owns 7,538 shares of the software giant’s stock valued at $2,535,000 after purchasing an additional 92 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Down 0.3 %
Shares of NASDAQ:MSFT opened at $244.74 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $268.81 and a two-hundred day moving average of $274.03. The stock has a market cap of $1.83 trillion, a P/E ratio of 25.39, a PEG ratio of 2.07 and a beta of 0.94. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on MSFT shares. Barclays cut their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. Itau BBA Securities initiated coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price for the company. Jefferies Financial Group set a $320.00 price target on Microsoft in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, Stifel Nicolaus lowered their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Insider Transactions at Microsoft
In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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