Trexquant Investment LP Purchases New Stake in Microsoft Corporation (NASDAQ:MSFT)

Trexquant Investment LP purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,500 shares of the software giant’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC boosted its stake in shares of Microsoft by 1.7% during the second quarter. Kovitz Investment Group Partners LLC now owns 17,569 shares of the software giant’s stock valued at $1,211,000 after purchasing an additional 299 shares in the last quarter. Mengis Capital Management Inc. grew its holdings in Microsoft by 1.8% during the second quarter. Mengis Capital Management Inc. now owns 66,607 shares of the software giant’s stock worth $4,591,000 after buying an additional 1,150 shares in the last quarter. Morse Asset Management Inc grew its holdings in Microsoft by 15.5% during the second quarter. Morse Asset Management Inc now owns 81,025 shares of the software giant’s stock worth $5,585,000 after buying an additional 10,850 shares in the last quarter. Solaris Asset Management LLC grew its holdings in Microsoft by 9.8% during the second quarter. Solaris Asset Management LLC now owns 48,327 shares of the software giant’s stock worth $3,331,000 after buying an additional 4,308 shares in the last quarter. Finally, Summit Financial Group Inc. purchased a new position in shares of Microsoft during the 2nd quarter valued at $2,869,000. 73.33% of the stock is owned by institutional investors.

Shares of Microsoft Corporation (MSFT) traded up $1.19 on Wednesday, reaching $82.78. 26,047,869 shares of the company’s stock traded hands, compared to its average volume of 22,490,900. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a one year low of $59.80 and a one year high of $86.20. The firm has a market capitalization of $625,499.00, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.89 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 for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. sell-side analysts predict that Microsoft Corporation will post 3.38 EPS for the current fiscal year.

The firm 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 $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. Microsoft’s dividend payout ratio is currently 57.14%.

A number of research analysts have recently commented on the company. Vetr raised Microsoft from a “buy” rating to a “strong-buy” rating and set a $94.25 price target on the stock in a research report on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $100.00 target price on shares of Microsoft in a research note on Monday, November 27th. Sanford C. Bernstein reiterated a “buy” rating and set a $100.00 price objective on shares of Microsoft in a research report on Wednesday, November 15th. Goldman Sachs Group set a $92.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $84.59.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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 owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 in the last ninety days. Corporate insiders own 1.49% of the company’s stock.

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Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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