Swiss National Bank lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,269,470 shares of the software giant’s stock after purchasing an additional 224,300 shares during the period. Microsoft accounts for 2.3% of Swiss National Bank’s holdings, making the stock its 2nd biggest position. Swiss National Bank owned about 353,479.19% of Microsoft worth $2,031,303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Nottingham Advisors Inc. increased its position in shares of Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares in the last quarter. American Economic Planning Group Inc. ADV increased its position in shares of Microsoft by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares in the last quarter. Carderock Capital Management Inc. increased its position in shares of Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares in the last quarter. AlphaMark Advisors LLC increased its position 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 in the last quarter. Finally, Bank of Stockton increased its position in shares of Microsoft by 0.3% during the second quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock worth $922,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 73.22% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 price objective (up from $109.00) on shares of Microsoft in a report on Thursday, February 1st. UBS Group set a $110.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. Macquarie set a $95.00 price objective on shares of Microsoft and gave the company a “neutral” rating in a report on Thursday, February 1st. Jefferies Group set a $62.00 price objective on shares of Microsoft and gave the company a “sell” rating in a report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on shares of Microsoft from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $99.14.
Microsoft Co. (NASDAQ:MSFT) traded up $3.17 on Friday, hitting $88.18. 57,408,480 shares of the company traded hands, compared to its average volume of 32,600,000. Microsoft Co. has a 52-week low of $63.62 and a 52-week high of $96.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. The firm has a market cap of $680,270.00, a P/E ratio of 59.99, a PEG ratio of 2.05 and a beta of 1.06.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. sell-side analysts expect that Microsoft Co. will post 3.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.91%. Microsoft’s payout ratio is 114.29%.
In other news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,000 shares of company stock valued at $2,164,380. 1.49% of the stock is owned by insiders.
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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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