Vaughan David Investments Inc. IL lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 98.5% during the third quarter, Holdings Channel reports. The institutional investor owned 9,783 shares of the software giant’s stock after selling 659,777 shares during the period. Vaughan David Investments Inc. IL’s holdings in Microsoft were worth $554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Carderock Capital Management Inc. lifted its stake in shares of Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after purchasing an additional 26 shares during the period. AlphaMark Advisors LLC raised 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 worth $185,000 after buying an additional 30 shares during the period. Bank of Stockton raised its stake in Microsoft by 0.3% during the 2nd quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock worth $922,000 after buying an additional 36 shares during the period. Simonbaker & Partners LLC raised its stake in Microsoft by 0.4% during the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock worth $783,000 after buying an additional 40 shares during the period. Finally, Arcus Capital Partners LLC raised its stake in Microsoft by 1.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock worth $218,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at $16,254,354. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,500 shares of company stock valued at $2,102,100. 1.49% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on MSFT shares. KeyCorp reaffirmed a “buy” rating and set a $94.00 price target on shares of Microsoft in a research note on Friday, October 27th. Barclays reaffirmed an “overweight” rating and set a $89.00 price target (up from $82.00) on shares of Microsoft in a research note on Friday, October 27th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Microsoft in a research note on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price target (up from $86.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.11.
Microsoft Co. (NASDAQ MSFT) opened at $91.73 on Friday. The stock has a market capitalization of $706,300.00, a P/E ratio of 28.14, a PEG ratio of 2.12 and a beta of 1.06. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a twelve month low of $63.62 and a twelve month high of $96.07.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. analysts anticipate that Microsoft Co. will post 3.64 EPS for the current year.
The firm also recently announced 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. This represents a $1.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 51.53%.
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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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