Courier Capital LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 75.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,756 shares of the software giant’s stock after acquiring an additional 46,632 shares during the quarter. Microsoft makes up 1.1% of Courier Capital LLC’s portfolio, making the stock its 20th biggest position. Courier Capital LLC’s holdings in Microsoft were worth $8,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. 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 acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC boosted its stake in Microsoft by 23.5% during the 2nd 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 during the last quarter. Pacific Center for Financial Services boosted its stake in Microsoft by 3.0% during the 2nd 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 during the last quarter. AlphaMark Advisors LLC boosted its stake in Microsoft by 1.1% during the 2nd 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 during the last quarter. Finally, Ruggie Capital Group boosted its stake in Microsoft by 1,165.9% during the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock valued at $195,000 after acquiring an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

A number of research analysts have recently issued reports on MSFT shares. UBS Group set a $110.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Morningstar set a $106.00 price target on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Macquarie set a $95.00 price target on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Co set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Nomura raised their price target on shares of Microsoft from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.09.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $89.61 on Thursday. 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 Co. has a twelve month low of $63.22 and a twelve month high of $96.07. The firm has a market cap of $691,300.00, a PE ratio of 60.96, a P/E/G ratio of 2.08 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last released 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. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. analysts expect that Microsoft Co. will post 3.62 earnings per share for the current year.

The business also recently announced 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 is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.87%. Microsoft’s payout ratio is 114.29%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $15,467,007.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were 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. In the last three months, insiders have sold 30,000 shares of company stock worth $2,498,220. 1.49% of the stock is owned by corporate insiders.

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Microsoft 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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