Microsoft Co. (NASDAQ:MSFT) Shares Sold by Park National Corp OH

Park National Corp OH cut its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 419,687 shares of the software giant’s stock after selling 4,128 shares during the quarter. Microsoft accounts for 5.2% of Park National Corp OH’s portfolio, making the stock its 2nd biggest holding. Park National Corp OH’s holdings in Microsoft were worth $107,788,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. lifted its position in 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 acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter valued at about $28,000. Joseph Group Capital Management bought a new position in shares of Microsoft during the 4th quarter worth approximately $1,535,000. Shore Point Advisors LLC bought a new position in shares of Microsoft during the 4th quarter worth approximately $40,000. Finally, Tobam lifted its position in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ MSFT opened at $244.74 on Monday. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market capitalization of $1.83 trillion, a P/E ratio of 25.39, a P/E/G ratio of 2.06 and a beta of 0.94. The company has a fifty day moving average of $268.81 and a 200-day moving average of $273.85.

Microsoft (NASDAQ:MSFTGet Rating) last posted 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 EPS. As a group, equities research analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MSFT. Citigroup dropped their target price on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Cowen dropped their target price on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Barclays dropped their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Mizuho decreased their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, BMO Capital Markets raised their price target on shares of Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $334.31.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

Microsoft Profile

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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