Gradient Capital Advisors LLC Has $492,000 Stake in Microsoft Co. (MSFT)

Gradient Capital Advisors LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 34.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,993 shares of the software giant’s stock after acquiring an additional 1,269 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Microsoft were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. ARP Americas LP bought a new stake in shares of Microsoft in the 2nd quarter valued at approximately $1,233,000. Advisor Partners LLC grew its stake in shares of Microsoft by 6.7% in the 2nd quarter. Advisor Partners LLC now owns 188,309 shares of the software giant’s stock valued at $18,569,000 after purchasing an additional 11,905 shares during the period. Wells Trecaso Financial Group LLC grew its stake in shares of Microsoft by 1.4% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 73,389 shares of the software giant’s stock valued at $7,237,000 after purchasing an additional 994 shares during the period. Strategic Financial Group LLC grew its stake in shares of Microsoft by 19.3% in the 2nd quarter. Strategic Financial Group LLC now owns 7,287 shares of the software giant’s stock valued at $719,000 after purchasing an additional 1,178 shares during the period. Finally, Northwest Investment Counselors LLC grew its stake in shares of Microsoft by 145.2% in the 2nd quarter. Northwest Investment Counselors LLC now owns 78,921 shares of the software giant’s stock valued at $7,782,000 after purchasing an additional 46,730 shares during the period. Institutional investors own 71.92% of the company’s stock.

MSFT has been the topic of several analyst reports. Oppenheimer reiterated a “buy” rating and issued a $127.00 price objective on shares of Microsoft in a research note on Monday, September 24th. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 target price on the stock in a report on Friday, October 12th. Credit Suisse Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada set a $124.00 target price on Microsoft and gave the stock a “buy” rating in a report on Monday, September 10th. Finally, BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $121.88.

In other Microsoft news, insider Jean Philippe Courtois sold 28,941 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the completion of the sale, the insider now owns 529,721 shares in the company, valued at approximately $57,739,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. Insiders have sold a total of 826,460 shares of company stock valued at $90,058,992 in the last quarter. Corporate insiders own 1.49% of the company’s stock.

NASDAQ:MSFT opened at $105.92 on Friday. Microsoft Co. has a 52-week low of $80.70 and a 52-week high of $116.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. The firm has a market cap of $798.70 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.89 and a beta of 1.28.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 4.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.46 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.74%. Microsoft’s payout ratio is presently 43.30%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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