Microsoft Corporation (MSFT) is IBM Retirement Fund’s 3rd Largest Position

IBM Retirement Fund boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 71.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,651 shares of the software giant’s stock after purchasing an additional 76,367 shares during the period. Microsoft Corporation accounts for about 2.6% of IBM Retirement Fund’s portfolio, making the stock its 3rd biggest holding. IBM Retirement Fund’s holdings in Microsoft Corporation were worth $14,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Hefty Wealth Partners grew its position in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. grew its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of Microsoft Corporation in the 1st quarter valued at about $132,000. Opera Trading Capital grew its position in shares of Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its position in shares of Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after buying an additional 374 shares during the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.

In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction that occurred on 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 sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 96,763 shares of company stock worth $7,240,712 over the last three months. 1.49% of the stock is owned by insiders.

Microsoft Corporation (NASDAQ MSFT) traded down $0.22 on Friday, hitting $83.87. The stock had a trading volume of 19,397,700 shares, compared to its average volume of 22,495,926. The stock has a market capitalization of $648,719.88, a P/E ratio of 24.88, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last released 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. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.

A number of research firms have commented on MSFT. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday. UBS AG set a $105.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $100.00 target price on shares of Microsoft Corporation in a research report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. upped their target price on Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $83.64.

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About Microsoft Corporation

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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