Hedge funds had more confidence in Microsoft Corporation (NASDAQ:MSFT). In May, Sanford Bernstein reasserted its view of the Windows giant and kept the company rated as “Outperform”. MSFT has outdone the S&P 500 by 17.82 percent.
The last Microsoft earnings call revealed a yearly $2.27 EPS. Predictions put earnings per share for the current year at $3.03. On June 13th, Global Equity Research upheld their “Buy” rating of the stock. The research and investment firm set MSFT’s price target at $75. Presently, 7.72 billion shares are outstanding.
The 4th quarter saw Horizon Kinetics LLC up its position in MSFT by 0.3 percent. Horizon Kinetics now holds more than $1.14 million’s worth of the software company’s stock. The hedge fund presently has 18,380 Microsoft Corporation shares.
The makers of Windows 10 also received a stake increase from Hilltop Holdings Inc. in the 4th quarter. Like Horizon Kinetics, Hilltop Holdings upped its stance by 0.3 percent too. It presently tucks away over $1.66 million’s worth of Microsoft Corporation shares, accounting for 26,722 in total.
Liberty Capital Management Inc. accounts for 25,245 MSFT shares after raising its position by 0,4 percent in the 1st quarter. The hedge fund bought 100 more Microsoft Corporation shares during the three-month period. Its stock count for the company is worth more than $1.66 million.
CPCM LLC now holds 283,939 Microsoft shares. Its MSFT holding is worth just over $17.65 million. That figure also came after CPCM took up 13,191 more shares in the tech company. The hedge fund boosted its stake in Microsoft Corporation by 4.65 percent.
Thomas Reuters is 20 percent neutral on Microsoft and 80 percent positive.Four analysts at the hedge funds consider the stock an “Outperform” while 1 offers a “Hold” rating. No “Underperform” ratings are offered at Thomas Reuters.
McQueen Ball and Associates pushed their MSFT stake up by 0.6 percent in the 1st quarter. It now has 8,862 of the company’s shares tucked away, which represents $584,000. The 1st quarter saw a very mild bullish push from McQuuen Ball and Associates, which bought 57 shares during the period.
Microsoft Corporation got a 0.3 percent position raise from First Heartland Consultants over the 3rd quarter. The investment firm bought an extra 79 shares during the three-period. That move pushed its stake in MSFT up to more than $1.36 million, accounting for 23,663 shares.
In September last year, the tech company got an “Overweight” rating from Pacific Crest. Last Friday, the hedge fund set the company’s price target up from $70 to $78. A 17 percent stake increase came from Pictet & Cie Europe SA in the 3rd quarter. M Kraus And reported that it has 93,172 shares, which is 3.96 percent of its total holdings.
Microsoft Corporation sees bullish uptrend (MSFT)
There is clear evidence of more bullishness on Wall Street for the Windows company. The uptrend in stake increases behavior suggests more investor confidence.
At Goldman Sachs Group, Inc. raised its price target for Microsoft to $78 too, up from $72. Goldman offers MSFT a consensus “buy” rating. The focus for Microsoft this month has been gaming, virtual reality, video and music streaming, and the arrival of new hardware.
Hedge funds and institutional investors currently account for 72.78 percent of Microsoft Corporation shares. The software company has had no insider purchases since January 30th this year. However, the count for insider trades since then sits at 14 sales worth $2.55 billion.
Microsoft Corporation is an American software juggernaut.The multinational company is best recognized for its Windows platforms and software, as well as its endeavors in Azure cloud and Surface hardware. The week sees the company’s stock sticking close to the $70 mark. MSFT sits in the red during Friday’s pre-trade session. Shares in the Redmond, Washington firm have gained more than 8 percent over the last three months.