Advantage Investment Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,892 shares of the software giant’s stock after purchasing an additional 1,210 shares during the period. Advantage Investment Management LLC’s holdings in Microsoft were worth $1,929,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Acrospire Investment Management LLC increased its stake in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC increased its stake in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its stake in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC increased its stake in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in shares of Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after acquiring an additional 98,752 shares during the last quarter. Institutional investors own 73.88% of the company’s stock.
A number of research firms have recently weighed in on MSFT. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Deutsche Bank set a $120.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $94.20 target price on the stock. in a research report on Tuesday, February 6th. UBS Group set a $110.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. set a $94.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.28.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the company earned $0.83 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. research analysts forecast that Microsoft Co. will post 3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 16th. Microsoft’s payout ratio is presently 51.53%.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by corporate insiders.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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