First County Bank CT Boosts Stake in Microsoft Corporation by Over 11%

First County Bank CT recently increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 11.2% during the 2nd quarter, according to a recent disclosure with the SEC. The institutional investor now owns 20,082 shares of the software giant's stock after acquiring an additional 2,027 shares during the period.

Microsoft comprises approximately 3.5% of First County Bank CT's investment portfolio, making it the bank's 4th largest holding. The value of Microsoft's holdings in the bank is $7,491,000 as of its most recent SEC filing.

Noble Wealth Management PBC and other institutional investors have also increased their stakes in Microsoft during the same period. Noble Wealth Management PBC now owns 2,393 shares worth $893,000 after purchasing an additional 47 shares.

Microsoft's strong quarterly results continue to support its bull case, with earnings per share of $4.74 and revenue of $90.01 billion, up 17.7% year over year. The company has a 12-month low of $349.20 and a 12-month high of $553.72.