Paragon Private Wealth Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,796 shares of the software giant’s stock after acquiring an additional 360 shares during the period. Microsoft accounts for 3.5% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Paragon Private Wealth Management LLC’s holdings in Microsoft were worth $3,708,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Continental Investors Services Inc. grew its stake in Microsoft by 1.7% during the first quarter. Continental Investors Services Inc. now owns 2,508 shares of the software giant’s stock valued at $843,000 after acquiring an additional 42 shares in the last quarter. IMA Wealth Inc. grew its stake in Microsoft by 1.1% during the first quarter. IMA Wealth Inc. now owns 21,047 shares of the software giant’s stock valued at $6,489,000 after acquiring an additional 220 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Microsoft by 7.9% during the first quarter. J.W. Cole Advisors Inc. now owns 92,914 shares of the software giant’s stock valued at $28,646,000 after acquiring an additional 6,801 shares in the last quarter. Brasada Capital Management LP grew its stake in shares of Microsoft by 2.3% in the 1st quarter. Brasada Capital Management LP now owns 70,653 shares of the software giant’s stock worth $21,783,000 after buying an additional 1,584 shares in the last quarter. Finally, American Trust grew its stake in shares of Microsoft by 28.9% in the 1st quarter. American Trust now owns 49,353 shares of the software giant’s stock worth $15,216,000 after buying an additional 11,060 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Guggenheim assumed coverage on shares of Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. BMO Capital Markets lifted their price objective on shares of Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Mizuho dropped their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.31.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on 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 approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
Microsoft Stock Down 0.3 %
Shares of Microsoft stock opened at $244.74 on Friday. The firm’s 50 day moving average price is $269.27 and its 200-day moving average price is $274.38. 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 52-week low of $241.51 and a 52-week high of $349.67. The company has a market cap of $1.83 trillion, a P/E ratio of 25.39, a PEG ratio of 2.12 and a beta of 0.94.
Microsoft (NASDAQ:MSFT – Get 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 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 previous year, the company posted $2.17 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Company Profile
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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