Sequent Asset Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Sequent Asset Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,597 shares of the software giant’s stock after buying an additional 50 shares during the quarter. Sequent Asset Management LLC’s holdings in Microsoft were worth $667,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Private Trust Co. raised its position in shares of Microsoft by 12.8% during the 2nd quarter. Legacy Private Trust Co. now owns 61,115 shares of the software giant’s stock valued at $15,696,000 after buying an additional 6,955 shares during the period. Astoria Portfolio Advisors LLC. raised its position in Microsoft by 12.7% in the second quarter. Astoria Portfolio Advisors LLC. now owns 5,717 shares of the software giant’s stock valued at $1,468,000 after purchasing an additional 646 shares during the period. Hoffman Alan N Investment Management raised its position in Microsoft by 0.8% in the second quarter. Hoffman Alan N Investment Management now owns 68,366 shares of the software giant’s stock valued at $17,558,000 after purchasing an additional 574 shares during the period. Bath Savings Trust Co raised its position in Microsoft by 1.3% in the second quarter. Bath Savings Trust Co now owns 87,117 shares of the software giant’s stock valued at $22,374,000 after purchasing an additional 1,159 shares during the period. Finally, AdvisorNet Financial Inc raised its position in Microsoft by 1.0% in the second quarter. AdvisorNet Financial Inc now owns 79,441 shares of the software giant’s stock valued at $20,403,000 after purchasing an additional 766 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. Mizuho cut their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Barclays cut 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. KeyCorp dropped their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Redburn Partners assumed coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target for the company. Finally, Fundamental Research restated a “hold” rating and issued a $280.50 price target on shares of Microsoft in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.

Insiders Place Their Bets

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $244.52 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12-month low of $240.85 and a 12-month high of $349.67. The company has a market capitalization of $1.82 trillion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The firm’s 50 day moving average is $268.81 and its 200-day moving average is $273.69.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 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 firm earned $2.17 EPS. Equities research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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