Planning Alternatives Ltd. ADV boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 28.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,460 shares of the software giant’s stock after acquiring an additional 3,465 shares during the period. Planning Alternatives Ltd. ADV’s holdings in Microsoft Corporation were worth $1,066,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. First National Bank Sioux Falls grew its stake in Microsoft Corporation by 9.6% during the second quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after acquiring an additional 1,365 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Microsoft Corporation by 7.1% during the second quarter. Stratos Wealth Partners LTD. now owns 179,124 shares of the software giant’s stock valued at $12,347,000 after purchasing an additional 11,814 shares during the last quarter. Oakworth Capital Inc. lifted its position in Microsoft Corporation by 0.6% during the second quarter. Oakworth Capital Inc. now owns 40,382 shares of the software giant’s stock valued at $2,783,000 after purchasing an additional 225 shares during the last quarter. Sei Investments Co. lifted its position in Microsoft Corporation by 9.1% during the second quarter. Sei Investments Co. now owns 4,784,596 shares of the software giant’s stock valued at $329,802,000 after purchasing an additional 398,032 shares during the last quarter. Finally, Garde Capital Inc. lifted its position in Microsoft Corporation by 1.0% during the second quarter. Garde Capital Inc. now owns 53,975 shares of the software giant’s stock valued at $3,721,000 after purchasing an additional 513 shares during the last quarter. 73.35% of the stock is owned by institutional investors.
In related news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the business’s 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 completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,763 shares of company stock valued at $7,240,712. Company insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $83.87 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The company has a market cap of $648,719.88, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is presently 53.06%.
Several equities analysts have commented on the stock. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. Tigress Financial reiterated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday. Finally, Barclays PLC reiterated an “overweight” rating and set a $82.00 price objective (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.64.
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About Microsoft Corporation
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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