Bank of The Ozarks Has $3.19 Million Position in Microsoft Corporation (MSFT)
Bank of The Ozarks increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,242 shares of the software giant’s stock after acquiring an additional 1,088 shares during the period. Microsoft Corporation comprises 1.1% of Bank of The Ozarks’ holdings, making the stock its 14th largest holding. Bank of The Ozarks’ holdings in Microsoft Corporation were worth $3,188,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Appropriate Balance Financial Services Inc. lifted its stake in Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares during the last quarter. Hefty Wealth Partners lifted its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation in the 1st quarter valued at approximately $132,000. Opera Trading Capital lifted its stake in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares during the last quarter. Finally, Ruggie Capital Group lifted its stake in Microsoft Corporation by 1,165.9% in the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock valued at $195,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $83.11 on Thursday. Microsoft Corporation has a 12-month low of $58.80 and a 12-month high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The stock has a market cap of $645,865.50, a P/E ratio of 24.77, a PEG ratio of 1.95 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts expect that Microsoft Corporation will post 3.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 57.14%.
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Several brokerages recently commented on MSFT. Sanford C. Bernstein reissued a “buy” rating and issued a $100.00 price objective on shares of Microsoft Corporation in a research note on Wednesday, November 15th. Goldman Sachs Group, Inc. (The) set a $92.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday, November 16th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, UBS AG set a $105.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $84.21.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last three months, insiders sold 108,763 shares of company stock worth $8,242,232. Insiders own 1.49% of the company’s stock.
About Microsoft Corporation
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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