FinTrust Investment Advisory Services LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,694 shares of the software giant’s stock, valued at approximately $946,000. Microsoft accounts for about 0.9% of FinTrust Investment Advisory Services LLC’s portfolio, making the stock its 18th biggest holding.
A number of other hedge funds have also modified their holdings of MSFT. Acrospire Investment Management LLC grew its position 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 in the last quarter. Hefty Wealth Partners grew its position in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Stelac Advisory Services LLC grew its position in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares in the last quarter. Pacific Center for Financial Services grew its position in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its position in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares in the last quarter. 73.26% of the stock is currently owned by institutional investors and hedge funds.
MSFT has been the subject of several research reports. Canaccord Genuity upgraded shares of Microsoft from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $86.00 in a research report on Thursday, October 5th. Stifel Nicolaus reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, October 12th. Morningstar reiterated a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Royal Bank of Canada set a $85.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Goldman Sachs Group set a $88.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $92.41.
Shares of Microsoft Co. (NASDAQ MSFT) traded up $2.27 during trading hours on Wednesday, hitting $95.01. 47,400,878 shares of the stock traded hands, compared to its average volume of 24,500,000. The company has a market capitalization of $732,960.00, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Co. has a 52-week low of $62.75 and a 52-week high of $95.45.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.83 by $0.13. The firm had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 earnings per share. equities research analysts expect that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 56.76%.
In related news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.
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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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