Microsoft Becomes Allied Investment Advisors’ Second Biggest Bet
June 28 2022 - 03:49AM
TipRanks
In a recent filing with the Securities and Exchange Commission
(SEC), Montana-based investment management services provider Allied
Investment Advisors stated that it increased its stake in Microsoft
Corp. (NASDAQ: MSFT) by 2.8% or 1,629 shares in the first quarter
of 2022. The company now owns 58,917 shares or 5.9% stake in the
software firm. The 5.9% stake in Microsoft was worth almost $18.2
million at the end of the first quarter and captured the second
biggest position in Allied Investment’s portfolio. Q4 Expectation
The Washington-based tech giant is expected to announce its fiscal
fourth-quarter results next month. The Street anticipates earnings
to come in at $2.
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