Buckingham Capital Management Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,620 shares of the software giant’s stock after selling 4,489 shares during the quarter. Microsoft comprises about 2.2% of Buckingham Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Buckingham Capital Management Inc.’s holdings in Microsoft were worth $11,508,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Peak Capital Management LLC purchased a new position in Microsoft during the second quarter worth about $107,000. Woodard & Co. Asset Management Group Inc. ADV boosted its stake in Microsoft by 90.5% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after buying an additional 498 shares during the period. Quattro Financial Advisors LLC purchased a new position in Microsoft during the third quarter worth about $132,000. LFA Lugano Financial Advisors SA purchased a new position in Microsoft during the second quarter worth about $139,000. Finally, O Brien Wealth Partners LLC boosted its stake in Microsoft by 456.8% during the third quarter. O Brien Wealth Partners LLC now owns 1,726 shares of the software giant’s stock worth $197,000 after buying an additional 1,416 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Mizuho assumed coverage on shares of Microsoft in a research note on Wednesday. They set a “buy” rating and a $135.00 target price for the company. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Macquarie set a $125.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $122.51.
In related news, CEO Satya Nadella sold 267,466 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $110.46, for a total transaction of $552,300.00. Following the completion of the sale, the chief marketing officer now directly owns 156,866 shares in the company, valued at approximately $17,327,418.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 333,667 shares of company stock worth $35,657,016. 1.38% of the stock is owned by corporate insiders.
NASDAQ MSFT opened at $115.91 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82. Microsoft Co. has a one year low of $87.08 and a one year high of $117.25. The company has a market capitalization of $892.48 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm had revenue of $32.47 billion for the quarter, compared to analysts’ expectations of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 4.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.59%. Microsoft’s dividend payout ratio (DPR) is 47.42%.
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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, 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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