Perennial Advisors LLC Acquires 2,033 Shares of Microsoft Co. (MSFT)

Perennial Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,774 shares of the software giant’s stock after acquiring an additional 2,033 shares during the quarter. Microsoft comprises approximately 2.5% of Perennial Advisors LLC’s portfolio, making the stock its 7th biggest holding. Perennial Advisors LLC’s holdings in Microsoft were worth $3,708,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. BKD Wealth Advisors LLC grew its position in shares of Microsoft by 1.2% during the 2nd quarter. BKD Wealth Advisors LLC now owns 82,824 shares of the software giant’s stock valued at $5,709,000 after purchasing an additional 964 shares in the last quarter. Cardinal Capital Management Inc. grew its position in shares of Microsoft by 1.7% during the 2nd quarter. Cardinal Capital Management Inc. now owns 230,546 shares of the software giant’s stock valued at $15,892,000 after purchasing an additional 3,761 shares in the last quarter. Prentiss Smith & Co. Inc. grew its position in shares of Microsoft by 7.7% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 11,179 shares of the software giant’s stock valued at $771,000 after purchasing an additional 800 shares in the last quarter. Capital One National Association grew its position in shares of Microsoft by 2.0% during the 2nd quarter. Capital One National Association now owns 253,208 shares of the software giant’s stock valued at $17,454,000 after purchasing an additional 4,943 shares in the last quarter. Finally, First American Bank grew its position in shares of Microsoft by 0.9% during the 2nd quarter. First American Bank now owns 214,453 shares of the software giant’s stock valued at $14,783,000 after purchasing an additional 1,944 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at $90.00 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Co. has a 1 year low of $62.37 and a 1 year high of $90.79. The stock has a market cap of $693,540.00, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99.

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

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

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were 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 $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Frank H. Brod sold 18,000 shares of the company’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. Company insiders own 1.49% of the company’s stock.

A number of research analysts have recently commented on MSFT shares. Oppenheimer set a $80.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, September 25th. KeyCorp restated a “buy” rating and set a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. Stifel Nicolaus boosted their price target on shares of Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada set a $85.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.32.

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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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