Smith Chas P & Associates PA Cpas Boosts Position in Microsoft Co. (MSFT)
Smith Chas P & Associates PA Cpas increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,557 shares of the software giant’s stock after purchasing an additional 14,788 shares during the quarter. Microsoft makes up approximately 2.2% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 25th largest position. Smith Chas P & Associates PA Cpas’ holdings in Microsoft were worth $15,535,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Acrospire Investment Management LLC raised 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 in the last quarter. Stelac Advisory Services LLC raised 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 in the last quarter. Pacific Center for Financial Services raised 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 in the last quarter. AlphaMark Advisors LLC raised 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 in the last quarter. Finally, Ruggie Capital Group raised its position in shares of Microsoft by 1,165.9% in the second 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 period. Institutional investors and hedge funds own 73.18% of the company’s stock.
In other Microsoft news, 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 sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 have sold 45,000 shares of company stock worth $3,759,420 in the last quarter. Corporate insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping 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 firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. research analysts expect that Microsoft Co. will post 3.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. Microsoft’s dividend payout ratio is currently 57.14%.
A number of research firms have recently commented on MSFT. Wells Fargo & Co reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Microsoft in a research report on Friday, January 12th. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target on the stock. in a research report on Wednesday, January 17th. UBS Group set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday. Barclays set a $95.00 price target on shares of Microsoft and gave the company an “overweight” rating in a research report on Friday, January 12th. Finally, Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $88.32.
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Microsoft Company Profile
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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