Caldwell & Orkin Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 71.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,401 shares of the software giant’s stock after purchasing an additional 20,557 shares during the quarter. Microsoft accounts for 3.7% of Caldwell & Orkin Inc.’s investment portfolio, making the stock its 2nd biggest position. Caldwell & Orkin Inc.’s holdings in Microsoft were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Acrospire Investment Management LLC grew its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC grew its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the last quarter. Pacific Center for Financial Services grew its holdings in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares during the last quarter. Finally, Ruggie Capital Group grew its holdings in shares of Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock valued at $195,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 72.94% of the company’s stock.
Several research firms have recently commented on MSFT. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $93.54 target price for the company. in a report on Wednesday, January 17th. Instinet initiated coverage on Microsoft in a report on Thursday, January 25th. They set a “buy” rating for the company. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and an average price target of $99.14.
Microsoft Co. (MSFT) opened at $93.32 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The company has a market cap of $721,008.63, a price-to-earnings ratio of 63.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. Microsoft Co. has a 1 year low of $64.12 and a 1 year high of $96.07.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. equities analysts anticipate that Microsoft Co. will post 3.64 EPS for the current fiscal year.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by corporate insiders.
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.