Bayesian Capital Management LP Buys New Holdings in Microsoft Corporation (MSFT)

Bayesian Capital Management LP bought a new position in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,391 shares of the software giant’s stock, valued at approximately $1,612,000.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Acrospire Investment Management LLC raised its stake in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners raised its stake in Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in Microsoft during the first quarter valued at $132,000. Stelac Advisory Services LLC raised its stake in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Finally, Opera Trading Capital raised its stake in Microsoft by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Corporation (NASDAQ MSFT) opened at $84.16 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. The company has a market cap of $636,376.56, a PE ratio of 24.41, a PEG ratio of 1.92 and a beta of 0.99. Microsoft Corporation has a 1-year low of $61.13 and a 1-year high of $86.20.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is presently 57.14%.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.

A number of equities research analysts recently issued reports on MSFT shares. Evercore ISI reaffirmed a “buy” rating and set a $80.00 price target on shares of Microsoft in a research note on Friday, August 18th. BidaskClub raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $90.00 target price on shares of Microsoft in a research note on Sunday, August 27th. BMO Capital Markets reissued a “buy” rating and issued a $86.00 target price on shares of Microsoft in a research note on Friday, August 25th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research note on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $85.29.

COPYRIGHT VIOLATION WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/10/bayesian-capital-management-lp-buys-new-holdings-in-microsoft-corporation-msft.html.

Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply