Advisory Services Network LLC raised its position in Microsoft Corporation (NASDAQ:MSFT) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,081 shares of the software giant’s stock after buying an additional 3,371 shares during the quarter. Microsoft makes up approximately 0.9% of Advisory Services Network LLC’s portfolio, making the stock its 6th biggest position. Advisory Services Network LLC’s holdings in Microsoft were worth $7,036,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Afam Capital Inc. increased its holdings in shares of Microsoft by 2.6% in the second quarter. Afam Capital Inc. now owns 173,524 shares of the software giant’s stock valued at $11,961,000 after purchasing an additional 4,461 shares during the period. Beaton Management Co. Inc. acquired a new position in shares of Microsoft in the second quarter valued at approximately $939,000. Tandem Investment Advisors Inc. increased its holdings in shares of Microsoft by 5.4% in the second quarter. Tandem Investment Advisors Inc. now owns 89,157 shares of the software giant’s stock valued at $6,146,000 after purchasing an additional 4,557 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Microsoft by 2.5% in the second quarter. WINTON GROUP Ltd now owns 469,536 shares of the software giant’s stock valued at $32,365,000 after purchasing an additional 11,522 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in shares of Microsoft by 6.0% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 22,730 shares of the software giant’s stock valued at $1,623,000 after purchasing an additional 1,281 shares during the period. Institutional investors own 73.33% of the company’s stock.
Shares of Microsoft Corporation (MSFT) opened at $85.35 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market capitalization of $659,790.00, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. Microsoft Corporation has a twelve month low of $61.95 and a twelve month high of $86.20.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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%. Microsoft’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. equities research analysts forecast that Microsoft Corporation will post 3.38 EPS for the current fiscal 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 issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 56.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $3,759,420 in the last three months. 1.49% of the stock is owned by corporate insiders.
A number of research analysts have recently issued reports on MSFT shares. Canaccord Genuity reissued a “hold” rating and issued a $76.00 target price on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 target price (up previously from $85.00) on shares of Microsoft in a report on Friday, October 27th. Evercore ISI reissued a “buy” rating and issued a $80.00 target price on shares of Microsoft in a report on Friday, August 18th. UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Vetr lowered Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price on the stock. in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $85.28.
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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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