MU Investments Co. Ltd. acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,000 shares of the software giant’s stock, valued at approximately $5,330,000. Microsoft comprises about 4.0% of MU Investments Co. Ltd.’s portfolio, making the stock its 9th largest position.
A number of other hedge funds have also added to or reduced their stakes in MSFT. Highwater Wealth Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $27,000. Quantamental Technologies LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $26,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $30,000. Ayalon Holdings Ltd. purchased a new stake in Microsoft in the fourth quarter valued at $41,000. Finally, Contravisory Investment Management Inc. lifted its position in Microsoft by 113.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 72.10% of the company’s stock.
Shares of NASDAQ MSFT opened at $131.49 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1,006.89 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $134.24.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $30.57 billion for the quarter, compared to the consensus estimate of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, equities analysts predict that Microsoft Co. will post 4.58 EPS for the current fiscal year.
In other Microsoft news, President Bradford L. Smith sold 192,300 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the transaction, the president now directly owns 754,442 shares in the company, valued at approximately $98,333,970.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total transaction of $630,100.00. Following the completion of the transaction, the executive vice president now owns 144,934 shares in the company, …read more
Source:: Daily times