NinePointTwo Capital bought a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,789 shares of the software giant’s stock, valued at approximately $1,510,000. Microsoft comprises about 0.6% of NinePointTwo Capital’s portfolio, making the stock its 25th largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resolute Partners Group purchased a new stake in shares of Microsoft in the fourth quarter worth $26,000. Goodwin Investment Advisory purchased a new stake in shares of Microsoft during the fourth quarter valued at $28,000. NuWave Investment Management LLC boosted its position in shares of Microsoft by 3,250.0% during the fourth quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. JustInvest LLC boosted its position in shares of Microsoft by 6.1% during the fourth quarter. JustInvest LLC now owns 82,199 shares of the software giant’s stock valued at $30,000 after buying an additional 4,736 shares during the last quarter. Finally, Kinloch Capital LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at $37,000. 69.01% of the stock is currently owned by hedge funds and other institutional investors.
MSFT has been the topic of several recent analyst reports. Fundamental Research increased their price objective on Microsoft from $223.67 to $236.60 and gave the company a “hold” rating in a research report on Wednesday, February 3rd. JPMorgan Chase & Co. raised their price target on Microsoft from $220.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Smith Barney Citigroup upgraded Microsoft from a “neutral” rating to a “buy” rating in a report on Monday, December 21st. Cowen raised their price target on Microsoft from $245.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. Finally, Zacks Investment Research upgraded Microsoft from a “hold” rating to a “strong-buy” rating and set a $252.00 target price for the company in a report on Friday, January 29th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $268.28.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.39. The business had revenue of $43.08 billion during the quarter, compared to analyst estimates of $40.23 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. Microsoft’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. On average, research analysts expect that Microsoft Co. will post 6.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, May 19th. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
In other news, EVP Jean Philippe Courtois sold 18,358 shares of the business’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the transaction, the executive vice president now directly owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emma N. Walmsley purchased 4,300 shares of Microsoft stock in a transaction dated Wednesday, March 10th. The stock was bought at an average cost of $236.80 per share, with a total value of $1,018,240.00. Following the completion of the transaction, the director now owns 5,026 shares in the company, valued at approximately $1,190,156.80. The disclosure for this purchase can be found here. Insiders own 0.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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