ARP Americas LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,859 shares of the software giant’s stock, valued at approximately $404,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JLB & Associates Inc. acquired a new position in Microsoft Corporation during the 2nd quarter worth about $10,873,000. Callahan Advisors LLC lifted its holdings in Microsoft Corporation by 0.8% during the 2nd quarter. Callahan Advisors LLC now owns 176,787 shares of the software giant’s stock worth $12,186,000 after buying an additional 1,436 shares during the period. NewFocus Financial Group LLC lifted its holdings in Microsoft Corporation by 1.4% during the 2nd quarter. NewFocus Financial Group LLC now owns 58,414 shares of the software giant’s stock worth $4,026,000 after buying an additional 806 shares during the period. Eagle Ridge Investment Management lifted its holdings in Microsoft Corporation by 100.6% during the 2nd quarter. Eagle Ridge Investment Management now owns 274,279 shares of the software giant’s stock worth $18,471,000 after buying an additional 137,541 shares during the period. Finally, Smithfield Trust Co. raised its position in shares of Microsoft Corporation by 0.7% in the 2nd quarter. Smithfield Trust Co. now owns 70,671 shares of the software giant’s stock worth $4,871,000 after acquiring an additional 490 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the company. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. UBS AG set a $105.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and issued a $100.00 price objective on shares of Microsoft Corporation in a research report on Friday, November 3rd. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. Finally, BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $83.64.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $83.87 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 1-year low of $57.28 and a 1-year high of $86.20. The company has a market cap of $647,022.69, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the business posted $0.76 earnings per share. Microsoft Corporation’s quarterly revenue was up 11.7% compared to the same quarter last year. equities analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.00%. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.
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In other Microsoft Corporation news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders sold 96,763 shares of company stock valued at $7,240,712 over the last 90 days. 1.49% of the stock is currently owned by company insiders.
Microsoft Corporation Company Profile
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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