Wsfs Capital Management LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)
Wsfs Capital Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 13.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,897 shares of the software giant’s stock after buying an additional 700 shares during the period. Wsfs Capital Management LLC’s holdings in Microsoft were worth $538,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Ballew Advisors Inc acquired a new stake in shares of Microsoft during the 1st quarter worth approximately $164,000. AlphaStar Capital Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $204,000. Trilogy Capital Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $207,000. Chartist Inc. CA acquired a new stake in shares of Microsoft during the 1st quarter worth approximately $207,000. Finally, Francis Financial Inc. acquired a new stake in Microsoft in the first quarter valued at approximately $211,000. Institutional investors own 71.87% of the company’s stock.
MSFT stock traded up $0.46 during mid-day trading on Friday, hitting $113.37. The company had a trading volume of 18,217,018 shares, compared to its average volume of 20,235,078. The firm has a market cap of $860.14 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft Co. has a 12 month low of $72.92 and a 12 month high of $113.73.
In related news, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the sale, the chief financial officer now directly owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. In the last three months, insiders sold 650,042 shares of company stock worth $71,264,850. Insiders own 1.49% of the company’s stock.
A number of analysts have weighed in on MSFT shares. Oppenheimer restated a “buy” rating and issued a $115.00 target price on shares of Microsoft in a research report on Friday, June 1st. Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target on shares of Microsoft in a research note on Tuesday, June 5th. Argus reaffirmed a “focus list” rating and set a $116.00 price target on shares of Microsoft in a research note on Wednesday, June 6th. Jefferies Financial Group reissued a “sell” rating and set a $75.00 target price on shares of Microsoft in a research note on Monday, June 11th. Finally, Morgan Stanley reissued a “buy” rating and set a $130.00 target price on shares of Microsoft in a research note on Monday, June 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $119.49.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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