Massey Quick Simon & CO. LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 56.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,149 shares of the software giant’s stock after purchasing an additional 14,089 shares during the period. Microsoft accounts for about 1.1% of Massey Quick Simon & CO. LLC’s holdings, making the stock its 18th biggest position. Massey Quick Simon & CO. LLC’s holdings in Microsoft were worth $2,916,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 387 shares during the period. Pacific Center for Financial Services lifted its holdings in shares of 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 purchasing an additional 75 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of 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 purchasing an additional 30 shares during the period. Finally, Ruggie Capital Group lifted its holdings in shares of 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 purchasing an additional 2,600 shares during the period. Institutional investors own 73.07% of the company’s stock.
Several equities research analysts recently weighed in on MSFT shares. Royal Bank of Canada set a $85.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus increased their price target on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and set a $94.00 price target on shares of Microsoft in a report on Friday, October 27th. Finally, Barclays reaffirmed an “overweight” rating and set a $89.00 price target (up from $82.00) on shares of Microsoft in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus target price of $99.14.
In related news, 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 transaction of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares in the company, valued at approximately $15,376,156.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The stock was 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. Company insiders own 1.49% of the company’s stock.
Microsoft Co. (NASDAQ MSFT) opened at $89.83 on Wednesday. Microsoft Co. has a 52-week low of $63.62 and a 52-week high of $96.07. The firm has a market capitalization of $693,000.00, a price-to-earnings ratio of 61.11, a PEG ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. sell-side analysts forecast that Microsoft Co. will post 3.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 114.29%.
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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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