Ingalls & Snyder LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 361,206 shares of the software giant’s stock after buying an additional 5,032 shares during the period. Microsoft makes up approximately 1.4% of Ingalls & Snyder LLC’s holdings, making the stock its 13th largest holding. Ingalls & Snyder LLC’s holdings in Microsoft were worth $26,906,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Acrospire Investment Management LLC boosted its position 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 in the last quarter. Hefty Wealth Partners lifted its holdings in shares of Microsoft by 65.6% during the second 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. Stelac Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 387 shares during the last quarter. Opera Trading Capital lifted its holdings in shares of Microsoft by 1,522.0% during the second 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, Pacific Center for Financial Services lifted its holdings in shares of 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 purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.
Microsoft Co. (MSFT) traded up $1.52 during trading on Friday, reaching $89.60. 24,260,921 shares of the company were exchanged, compared to its average volume of 23,290,000. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Co. has a 12 month low of $62.03 and a 12 month high of $89.78. The stock has a market cap of $691,070.00, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.05 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts predict that Microsoft Co. will post 3.39 EPS 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 $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. Microsoft’s dividend payout ratio is currently 56.76%.
MSFT has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating and issued a $76.00 price objective on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. UBS Group set a $105.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research note on Monday, December 11th. Finally, KeyCorp reiterated a “buy” rating and set a $94.00 target price on shares of Microsoft in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.97.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. 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. Insiders own 1.49% of the company’s stock.
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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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