Nexus Investment Management ULC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Nexus Investment Management ULC reduced its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,110 shares of the software giant’s stock after selling 12,362 shares during the period. Microsoft accounts for about 3.2% of Nexus Investment Management ULC’s portfolio, making the stock its 14th largest holding. Nexus Investment Management ULC’s holdings in Microsoft were worth $27,766,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Investment Advisors LLC grew its position in shares of Microsoft by 2.7% in the second quarter. Capital Investment Advisors LLC now owns 176,532 shares of the software giant’s stock valued at $45,339,000 after purchasing an additional 4,621 shares in the last quarter. Lynch & Associates IN grew its position in shares of Microsoft by 0.3% in the second quarter. Lynch & Associates IN now owns 120,194 shares of the software giant’s stock valued at $30,869,000 after purchasing an additional 378 shares in the last quarter. Adirondack Trust Co. grew its position in shares of Microsoft by 0.9% in the second quarter. Adirondack Trust Co. now owns 25,588 shares of the software giant’s stock valued at $6,571,000 after purchasing an additional 239 shares in the last quarter. Private Asset Management Inc. grew its position in shares of Microsoft by 0.5% in the second quarter. Private Asset Management Inc. now owns 111,133 shares of the software giant’s stock valued at $28,544,000 after purchasing an additional 515 shares in the last quarter. Finally, GoalVest Advisory LLC grew its position in shares of Microsoft by 2.2% in the second quarter. GoalVest Advisory LLC now owns 22,884 shares of the software giant’s stock valued at $6,015,000 after purchasing an additional 499 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.3 %

Microsoft stock opened at $244.74 on Monday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock has a market cap of $1.83 trillion, a PE ratio of 25.39, a P/E/G ratio of 2.06 and a beta of 0.94. The stock’s fifty day moving average is $268.81 and its two-hundred day moving average is $273.85.

Microsoft (NASDAQ:MSFTGet 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 the consensus estimate 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 period in the previous year, the business posted $2.17 EPS. On average, sell-side analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. Itaú Unibanco started coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Mizuho lowered their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Wedbush lowered their price objective on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Rosenblatt Securities lowered their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Finally, KeyCorp lowered their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.

About Microsoft

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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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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