Frontier Investment Mgmt Co. Acquires 1,254 Shares of Microsoft Corporation (MSFT)
Frontier Investment Mgmt Co. raised its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 321,044 shares of the software giant’s stock after acquiring an additional 1,254 shares during the period. Microsoft makes up approximately 2.1% of Frontier Investment Mgmt Co.’s investment portfolio, making the stock its 12th largest position. Frontier Investment Mgmt Co.’s holdings in Microsoft were worth $22,130,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Acrospire Investment Management LLC grew its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the period. Hefty Wealth Partners grew its stake in shares of Microsoft 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 buying an additional 653 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter valued at approximately $132,000. Stelac Advisory Services LLC grew its stake in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares during the period. Finally, Opera Trading Capital grew its stake in shares of Microsoft 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 buying an additional 2,283 shares during the period. Institutional investors own 73.33% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last 90 days. Company insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the business earned $0.76 EPS. The company’s revenue was up 11.7% on a year-over-year basis. sell-side analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders 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 1.93%. Microsoft’s payout ratio is 56.76%.
Several analysts have recently weighed in on the stock. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a research note on Monday, December 11th. Oppenheimer set a $80.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, September 25th. ValuEngine cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Sanford C. Bernstein set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target on shares of Microsoft in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.28.
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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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