Burleson & Company LLC Purchases 10,733 Shares of Microsoft Co. (NASDAQ:MSFT)

Burleson & Company LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 149.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,914 shares of the software giant’s stock after buying an additional 10,733 shares during the period. Microsoft makes up 1.0% of Burleson & Company LLC’s portfolio, making the stock its 25th biggest position. Burleson & Company LLC’s holdings in Microsoft were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guardian Investment Management raised its stake in Microsoft by 4.2% during the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after buying an additional 1,240 shares in the last quarter. Navellier & Associates Inc raised its stake in Microsoft by 0.6% during the second quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock valued at $2,050,000 after buying an additional 95 shares in the last quarter. Empirical Finance LLC raised its position in shares of Microsoft by 3.5% during the 2nd quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after purchasing an additional 295 shares during the period. Legacy Financial Strategies LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $211,000. Finally, Independence Bank of Kentucky raised its position in shares of Microsoft by 0.6% during the 2nd quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock worth $2,004,000 after purchasing an additional 95 shares during the period. 72.39% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada reissued a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a report on Wednesday, July 24th. UBS Group set a $162.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, CIBC increased their price objective on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $149.21.

In related news, CFO Amy Hood sold 123,769 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the transaction, the chief financial officer now directly owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 99,837 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the completion of the sale, the chief executive officer now directly owns 1,124,339 shares in the company, valued at approximately $154,259,310.80. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock worth $43,735,918 in the last quarter. 1.38% of the stock is currently owned by company insiders.

Shares of MSFT stock traded down $0.20 on Friday, hitting $137.32. The stock had a trading volume of 16,358,174 shares, compared to its average volume of 22,346,984. The company has a fifty day moving average price of $137.25 and a two-hundred day moving average price of $128.50. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $141.68. The firm has a market cap of $1,039.03 billion, a P/E ratio of 28.91, a PEG ratio of 2.37 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the prior year, the firm earned $1.13 EPS. Microsoft’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 5.22 earnings per share for the current year.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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