Tandem Investment Advisors Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,202 shares of the software giant’s stock after selling 1,955 shares during the period. Microsoft makes up 2.4% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 22nd biggest holding. Tandem Investment Advisors Inc.’s holdings in Microsoft were worth $6,496,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC increased its stake in Microsoft by 300.0% in the 2nd 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 increased its stake in Microsoft 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 purchasing an additional 653 shares in the last quarter. Stelac Advisory Services LLC increased its stake in Microsoft by 23.5% in the 2nd 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. Opera Trading Capital increased its stake in Microsoft 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 purchasing an additional 2,283 shares in the last quarter. Finally, Pacific Center for Financial Services increased its stake in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. 73.16% of the stock is owned by institutional investors and hedge funds.
In other news, insider Frank H. Brod sold 15,000 shares of Microsoft 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 sale, the insider now directly 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 this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at $15,376,156.32. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $3,759,420 over the last three months. 1.49% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on MSFT. Argus upgraded Microsoft from a “hold” rating to a “buy” rating and increased their target price for the company from $57.28 to $95.00 in a report on Tuesday, October 31st. Goldman Sachs Group set a $92.00 target price on Microsoft and gave the company a “buy” rating in a report on Friday, October 27th. Vetr cut Microsoft from a “hold” rating to a “sell” rating and set a $78.90 target price on the stock. in a report on Monday, October 30th. Barclays reiterated an “overweight” rating and set a $89.00 target price (up previously from $82.00) on shares of Microsoft in a report on Friday, October 27th. Finally, UBS Group set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.30.
Microsoft Co. (NASDAQ:MSFT) traded up $0.26 during trading hours on Thursday, reaching $88.08. The company’s stock had a trading volume of 16,787,700 shares, compared to its average volume of 23,420,000. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a one year low of $61.95 and a one year high of $88.73. The stock has a market capitalization of $679,500.00, a price-to-earnings ratio of 29.76, a PEG ratio of 2.06 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. research analysts predict that Microsoft Co. will post 3.38 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.
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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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