Phocas Financial Corp. Increases Stake in Microsoft Co. (NASDAQ:MSFT)

Phocas Financial Corp. grew its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,775 shares of the software giant’s stock after acquiring an additional 51 shares during the quarter. Phocas Financial Corp.’s holdings in Microsoft were worth $3,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. boosted its stake 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 worth $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft during the 1st quarter worth approximately $28,000. Joseph Group Capital Management purchased a new position in Microsoft during the 4th quarter worth approximately $1,535,000. Shore Point Advisors LLC purchased a new position in Microsoft during the 4th quarter worth approximately $40,000. Finally, Tobam raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Microsoft

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

Microsoft Trading Down 2.7 %

Shares of MSFT stock opened at $245.38 on Friday. The company’s 50-day moving average price is $269.73 and its 200-day moving average price is $274.75. 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 market cap of $1.83 trillion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.12 and a beta of 0.94. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $2.17 EPS. As a group, equities analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Redburn Partners initiated coverage on shares of Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target for the company. Citigroup cut their target price on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Fundamental Research reaffirmed a “hold” rating and set a $280.50 target price on shares of Microsoft in a report on Wednesday, August 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.

About Microsoft

(Get Rating)

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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