Financial Consulate Inc. grew its holdings in Microsoft Corporation (NASDAQ:MSFT) by 28.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,622 shares of the software giant’s stock after purchasing an additional 3,693 shares during the quarter. Financial Consulate Inc.’s holdings in Microsoft Corporation were worth $1,146,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Hefty Wealth Partners grew its position in Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation during the first quarter worth about $132,000. Opera Trading Capital grew its position in Microsoft Corporation by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares in the last quarter. Baystate Wealth Management LLC grew its position in Microsoft Corporation by 3.6% during the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after buying an additional 374 shares in the last quarter. Finally, Brouwer & Janachowski LLC acquired a new stake in Microsoft Corporation during the second quarter worth about $203,000. 73.37% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (MSFT) opened at $84.05 on Wednesday. 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 52-week low of $58.31 and a 52-week high of $86.20. The company has a market cap of $647,485.56, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping 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 firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts anticipate that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.00%. Microsoft Corporation’s payout ratio is 53.06%.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Insiders have sold a total of 100,763 shares of company stock worth $7,574,552 over the last three months. Insiders own 1.49% of the company’s stock.
MSFT has been the topic of a number of recent research reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reissued a “buy” rating and set a $94.00 target price (up from $86.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Atlantic Securities set a $83.00 target price on Microsoft Corporation and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS AG set a $105.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays PLC reissued an “overweight” rating and set a $89.00 target price (up from $82.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $83.86.
Microsoft Corporation 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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