Hanseatic Management Services Inc. lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 63.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,974 shares of the software giant’s stock after selling 22,265 shares during the period. Microsoft accounts for approximately 1.1% of Hanseatic Management Services Inc.’s holdings, making the stock its 25th largest position. Hanseatic Management Services Inc.’s holdings in Microsoft were worth $966,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC boosted its position in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services boosted its position in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC boosted its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the last quarter. Finally, Mitchell Capital Management Co. bought a new position in shares of Microsoft during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 73.88% of the company’s stock.
In other news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 174,778 shares in the company, valued at approximately $16,254,354. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by company insiders.
A number of research firms have recently issued reports on MSFT. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 target price on the stock. in a report on Wednesday, January 17th. Instinet began coverage on shares of Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $99.28.
Shares of Microsoft Co. (NASDAQ MSFT) traded up $0.23 during midday trading on Monday, hitting $96.77. 26,042,429 shares of the stock were exchanged, compared to its average volume of 35,980,000. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $745,110.00, a PE ratio of 29.68, a PEG ratio of 2.23 and a beta of 1.04. Microsoft Co. has a 1 year low of $64.12 and a 1 year high of $97.21.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts expect that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Microsoft’s dividend payout ratio is 51.53%.
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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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