CFO4Life Group LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,701 shares of the software giant’s stock, valued at approximately $201,000.
Other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted its position in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, NewSquare Capital LLC raised its holdings in shares of Microsoft by 470.8% in the 3rd quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after purchasing an additional 98,752 shares during the period. 73.88% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Co. (NASDAQ:MSFT) traded down $0.41 during mid-day trading on Wednesday, hitting $94.00. 20,790,000 shares of the stock traded hands, compared to its average volume of 36,000,000. Microsoft Co. has a fifty-two week low of $64.12 and a fifty-two week high of $97.24. The stock has a market cap of $723,820.00, a P/E ratio of 28.83, a P/E/G ratio of 2.23 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. equities analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is 51.53%.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at $15,928,854. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $930,900 over the last quarter. Company insiders own 1.49% of the company’s stock.
A number of equities research analysts have issued reports on MSFT shares. Barclays set a $95.00 target price on shares of Microsoft and gave the company an “overweight” rating in a report on Friday, January 12th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Oppenheimer upped their target price on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $115.00 price objective (up from $95.00) on shares of Microsoft in a research note on Thursday, January 18th. Finally, BMO Capital Markets increased their price target on shares of Microsoft to $100.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $99.41.
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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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