Randolph Co Inc decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 272,199 shares of the software giant’s stock after selling 240 shares during the period. Microsoft makes up approximately 7.6% of Randolph Co Inc’s investment portfolio, making the stock its 2nd largest position. Randolph Co Inc’s holdings in Microsoft were worth $27,647,000 as of its most recent SEC filing.

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 Microsoft in the fourth quarter valued at $27,000. Quantamental Technologies LLC acquired a new position in Microsoft in the fourth quarter valued at $26,000. Mackey Komara & Dankovich LLC acquired a new position in Microsoft in the fourth quarter valued at $30,000. Ayalon Holdings Ltd. acquired a new position in Microsoft in the fourth quarter valued at $41,000. Finally, Contravisory Investment Management Inc. increased its stake 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 purchasing an additional 285 shares during the period. Institutional investors own 72.10% of the company’s stock.

A number of research analysts have commented on MSFT shares. JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. BMO Capital Markets lifted their price objective on shares of Microsoft from $125.00 to $147.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Barclays lifted their price objective on shares of Microsoft from $132.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. KeyCorp reiterated a “buy” rating and set a $143.00 price target on shares of Microsoft in a research note on Tuesday. Finally, Argus boosted their price target on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $135.75.

Microsoft stock opened at $131.49 on Thursday. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $134.24. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1,006.89 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of …read more

Source:: Daily times

      

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Randolph Co Inc Trims Holdings in Microsoft Co. (NASDAQ:MSFT)

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