Deltec Asset Management LLC Raises Holdings in Microsoft Co. (MSFT)

Deltec Asset Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 50.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,500 shares of the software giant’s stock after buying an additional 34,700 shares during the quarter. Microsoft comprises about 1.6% of Deltec Asset Management LLC’s holdings, making the stock its 21st largest position. Deltec Asset Management LLC’s holdings in Microsoft were worth $7,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Acrospire Investment Management LLC raised its stake in shares of Microsoft by 300.0% during 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 during the period. Stelac Advisory Services LLC grew its position in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Pacific Center for Financial Services grew its position in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares in the last quarter. AlphaMark Advisors LLC grew its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares in the last quarter. Finally, Ruggie Capital Group grew its position in Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Several equities analysts recently commented on the company. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and set a $115.00 target price (up from $95.00) on shares of Microsoft in a research report on Thursday. Morgan Stanley set a $100.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday. UBS Group set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday. Finally, Tigress Financial restated a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have assigned a buy rating to the company. Microsoft currently has a consensus rating of “Buy” and an average price target of $88.32.

In related news, 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 completion of the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $3,759,420 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

Microsoft Co. (NASDAQ MSFT) opened at $90.00 on Friday. Microsoft Co. has a fifty-two week low of $62.37 and a fifty-two week high of $90.79. 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 stock has a market capitalization of $693,540.00, a PE ratio of 30.41, a PEG ratio of 2.11 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. Microsoft’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. research analysts anticipate that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.87%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 56.76%.

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About Microsoft

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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