Doliver Capital Advisors LP purchased a new stake in Microsoft Corporation (NASDAQ:MSFT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,498 shares of the software giant’s stock, valued at approximately $310,000.
Other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC boosted its holdings in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Hefty Wealth Partners boosted its holdings in Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft in the 1st quarter worth about $132,000. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. Finally, Opera Trading Capital boosted its holdings in Microsoft by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the sale, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. equities research analysts expect that Microsoft Corporation will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is 57.14%.
MSFT has been the topic of several recent research reports. BidaskClub upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Evercore ISI restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a report on Friday, August 18th. UBS restated an “overweight” rating on shares of Microsoft in a report on Thursday, August 24th. BMO Capital Markets restated a “buy” rating and set a $86.00 target price on shares of Microsoft in a report on Friday, August 25th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $90.00 target price on shares of Microsoft in a report on Sunday, August 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus price target of $85.28.
Microsoft 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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