Peoples Financial Services CORP. Sells 594 Shares of Microsoft Co. (NASDAQ:MSFT)

Peoples Financial Services CORP. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.9% during the 2nd quarter, Holdings Channel reports. The fund owned 30,294 shares of the software giant’s stock after selling 594 shares during the quarter. Microsoft makes up about 3.7% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 3rd largest position. Peoples Financial Services CORP.’s holdings in Microsoft were worth $7,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares in the last quarter. State Street Corp boosted its position in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC boosted its position in Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after purchasing an additional 3,027,306 shares in the last quarter. Norges Bank purchased a new position in Microsoft during the fourth quarter worth approximately $24,401,940,000. Finally, Nuveen Asset Management LLC boosted its position in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after purchasing an additional 584,273 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSFT shares. Mizuho lowered their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Itaú Unibanco assumed coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Guggenheim assumed coverage on Microsoft in a research report on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price on the stock. Finally, Barclays decreased their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Microsoft Trading Down 0.3 %

Shares of NASDAQ MSFT opened at $244.74 on Monday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $268.81 and a 200-day simple moving average of $273.85. The stock has a market capitalization of $1.83 trillion, a PE ratio of 25.39, a PEG ratio of 2.06 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the firm earned $2.17 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.

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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