43,800 Shares in Microsoft Corporation (MSFT) Purchased by HighVista Strategies LLC
HighVista Strategies LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 43,800 shares of the software giant’s stock, valued at approximately $3,019,000.
Other institutional investors also recently modified their holdings of the company. Appropriate Balance Financial Services Inc. increased its stake in shares of Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners increased its stake in shares of Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter worth approximately $132,000. Finally, Stelac Advisory Services LLC increased its stake 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 purchasing an additional 387 shares in the last quarter. 73.33% of the stock is owned by institutional investors.
Microsoft Corporation (NASDAQ MSFT) opened at $84.16 on Monday. The firm has a market cap of $649,259.94, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Microsoft Corporation has a 1-year low of $61.13 and a 1-year high of $86.20. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
The business also recently declared 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 of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.
A number of research analysts have recently weighed in on MSFT shares. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morningstar reissued a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft in a research note on Thursday, August 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $88.00 price objective (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, UBS set a $105.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $85.28.
In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.
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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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