Azimuth Capital Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,207 shares of the software giant’s stock after acquiring an additional 1,650 shares during the quarter. Microsoft accounts for approximately 1.6% of Azimuth Capital Management LLC’s holdings, making the stock its 6th largest holding. Azimuth Capital Management LLC’s holdings in Microsoft were worth $21,715,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. WP Advisors LLC acquired a new stake in Microsoft in the second quarter worth about $131,000. Live Your Vision LLC boosted its holdings in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after acquiring an additional 509 shares in the last quarter. CX Institutional acquired a new stake in Microsoft in the second quarter worth about $145,000. Lara May & Associates LLC acquired a new stake in Microsoft in the first quarter worth about $199,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Microsoft by 58.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,017 shares of the software giant’s stock worth $199,000 after acquiring an additional 744 shares in the last quarter. 71.90% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Macquarie set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a report on Monday, November 19th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a report on Monday, November 19th. Citigroup raised their price target on Microsoft from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $120.00 price target on shares of Microsoft in a report on Thursday, October 25th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $137.00 price target on shares of Microsoft in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $121.88.
In other news, CEO Satya Nadella sold 203,418 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the completion of the sale, the chief executive officer now directly owns 1,014,247 shares in the company, valued at $108,199,869.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 23,337 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 299,255 shares of company stock valued at $32,229,279. 1.49% of the stock is owned by company insiders.
Shares of MSFT stock opened at $104.82 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. The company has a market cap of $835.58 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.96 and a beta of 1.25. Microsoft Co. has a twelve month low of $83.33 and a twelve month high of $116.18.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 4.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, February 20th. Microsoft’s dividend payout ratio is currently 47.42%.
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 for businesses, 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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