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.
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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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