Prime Capital Investment Advisors LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 57.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,715 shares of the software giant’s stock after buying an additional 59,175 shares during the quarter. Microsoft makes up 2.2% of Prime Capital Investment Advisors LLC’s holdings, making the stock its 9th biggest position. Prime Capital Investment Advisors LLC’s holdings in Microsoft were worth $37,663,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter valued at $28,000. Grayhawk Investment Strategies Inc. purchased a new position in Microsoft during the second quarter valued at $104,000. Morgan Dempsey Capital Management LLC purchased a new position in Microsoft during the third quarter valued at $82,000. Avondale Wealth Management lifted its holdings in Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares in the last quarter. Finally, John W. Brooker & Co. CPAs lifted its holdings in Microsoft by 64.1% during the third quarter. John W. Brooker & Co. CPAs now owns 512 shares of the software giant’s stock valued at $119,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Transactions at Microsoft
In related news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at approximately $31,614,975.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,144 shares of company stock worth $6,680,795. 0.03% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Microsoft Stock Up 0.4 %
Shares of NASDAQ:MSFT opened at $250.16 on Tuesday. The company has a market capitalization of $1.86 trillion, a PE ratio of 27.80, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The firm has a 50 day simple moving average of $246.44 and a 200-day simple moving average of $247.49.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. On average, equities analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.
Microsoft Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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