The Swarthmore Group Inc. Has $17.76 Million Position in Microsoft Co. (MSFT)

The Swarthmore Group Inc. Has $17.76 Million Position in Microsoft Co. (MSFT)

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pacific Center for Financial Services bought a new position in Microsoft during the fourth quarter valued at approximately $155,000. Welch Investments LLC purchased a new position in Microsoft during the fourth quarter worth approximately $160,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft during the fourth quarter worth approximately $161,000. JJJ Advisors Inc. purchased a new position in Microsoft during the fourth quarter worth approximately $186,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new position in Microsoft during the fourth quarter worth approximately $205,000. 72.29% of the stock is currently owned by institutional investors.

Swarthmore Group Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,675 shares of the software giant’s stock after selling 32,550 shares during the period. Microsoft accounts for 2.7% of Swarthmore Group Inc.’s holdings, making the stock its 14th largest position. Swarthmore Group Inc.’s holdings in Microsoft were worth $17,761,000 at the end of the most recent quarter.

Shares of Microsoft Co. (MSFT) opened at 71.76 on Monday. The firm’s 50-day moving average is $68.41 and its 200-day moving average is $64.65. Microsoft Co. has a 12-month low of $48.04 and a 12-month high of $71.86. The company has a market capitalization of $554.02 billion, a price-to-earnings ratio of 31.67 and a beta of 1.08.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $23.62 billion. During the same period last year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that Microsoft Co. will post $3.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, May 16th. Microsoft’s payout ratio is currently 73.59%. A number of research firms recently commented on MSFT. Cowen and Company reiterated an “outperform” rating and issued a $76.00 price target on shares of Microsoft in a research note on Wednesday, May 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Microsoft in a report on Monday, May 29th. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $71.27 price target on the stock. in a report on Tuesday, May 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $68.00 price target on shares of Microsoft in a report on Monday, May 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $81.00 target price on shares of Microsoft in a report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.51.

In other Microsoft news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the transaction, the executive vice president now directly owns 216,507 shares in the company, valued at $14,962,798.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders have sold 12,060,786 shares of company stock worth $831,893,332 over the last quarter. Company insiders own 2.99% of the company’s stock. Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MSFT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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