Intersect Capital LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,601 shares of the software giant’s stock after purchasing an additional 5,124 shares during the quarter. Microsoft makes up approximately 5.0% of Intersect Capital LLC’s portfolio, making the stock its 4th largest holding. Intersect Capital LLC’s holdings in Microsoft were worth $18,636,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in MSFT. Newfound Research LLC bought a new position in Microsoft during the third quarter worth $32,000. Virtus ETF Advisers LLC increased its position in Microsoft by 230.5% during the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC bought a new position in Microsoft during the third quarter worth $45,000. Virtus Alternative Investment Advisers Inc. bought a new position in Microsoft during the second quarter worth $48,000. Finally, Carolina Wealth Advisors LLC increased its position in Microsoft by 20.1% during the third quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock worth $72,000 after acquiring an additional 57 shares during the period. 69.93% of the stock is currently owned by institutional investors.
Shares of NASDAQ:MSFT opened at $210.39 on Friday. The stock has a market capitalization of $1,590.65 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.58 and a beta of 0.87. Microsoft Co. has a 1-year low of $132.52 and a 1-year high of $232.86. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $213.80 and a two-hundred day moving average price of $204.25.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.29. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. As a group, equities analysts predict that Microsoft Co. will post 6.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.56 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, November 18th. Microsoft’s payout ratio is currently 38.89%.
MSFT has been the topic of a number of research reports. Barclays reaffirmed a “buy” rating and set a $250.00 target price on shares of Microsoft in a research report on Wednesday, October 28th. BMO Capital Markets boosted their price target on shares of Microsoft from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, October 26th. BidaskClub raised shares of Microsoft from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. UBS Group set a $243.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Credit Suisse Group set a $235.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $230.46.
In other news, CEO Satya Nadella sold 104,500 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $222.52, for a total value of $23,253,340.00. Following the completion of the sale, the chief executive officer now directly owns 1,392,573 shares of the company’s stock, valued at approximately $309,875,343.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jean Philippe Courtois sold 15,014 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total value of $3,206,840.26. Following the completion of the sale, the executive vice president now directly owns 545,484 shares of the company’s stock, valued at $116,509,927.56. The disclosure for this sale can be found here. Insiders have sold a total of 422,556 shares of company stock valued at $93,282,154 over the last three months. Company insiders own 0.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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