First Farmers & Merchants Bank Trust lessened its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,142 shares of the software giant’s stock after selling 207 shares during the period. Microsoft comprises 3.9% of First Farmers & Merchants Bank Trust’s holdings, making the stock its 4th biggest holding. First Farmers & Merchants Bank Trust’s holdings in Microsoft were worth $3,119,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. boosted its stake in shares of Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $28,000. Shore Point Advisors LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $40,000. Tobam raised its holdings in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in Microsoft in the 1st quarter valued at approximately $68,000. Institutional investors own 69.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. KeyCorp dropped their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Guggenheim assumed coverage on shares of Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Mizuho dropped their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Fundamental Research restated a “hold” rating and set a $280.50 price target on shares of Microsoft in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Performance
NASDAQ MSFT opened at $244.74 on Monday. The company has a fifty day moving average price of $268.81 and a 200-day moving average price of $273.85. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the company earned $2.17 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
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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