Microsoft Corporation (MSFT) Stake Raised by Sitrin Capital Management LLC

Sitrin Capital Management LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,990 shares of the software giant’s stock after buying an additional 1,410 shares during the period. Microsoft accounts for about 3.7% of Sitrin Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Sitrin Capital Management LLC’s holdings in Microsoft were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Hefty Wealth Partners increased its position in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft in the first quarter worth $132,000. Stelac Advisory Services LLC increased its position in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. Opera Trading Capital increased its position in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its position in Microsoft by 3.6% in the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

In other news, 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 sale, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the sale, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold 27,000 shares of company stock valued at $2,262,720 over the last three months. Insiders own 1.49% of the company’s stock.

MSFT has been the topic of several research reports. Evercore ISI restated a “buy” rating and issued a $80.00 price target on shares of Microsoft in a research report on Friday, August 18th. BidaskClub upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Credit Suisse Group set a $84.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, August 11th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $90.00 price target on shares of Microsoft in a research report on Sunday, August 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty 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 $84.48.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $84.26 on Monday. The stock has a market cap of $650,031.38, a price-to-earnings ratio of 24.93, a PEG ratio of 1.96 and a beta of 0.99. Microsoft Corporation has a one year low of $58.80 and a one year high of $86.20. 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 (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. sell-side analysts predict that Microsoft Corporation will post 3.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 57.14%.

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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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