MPS Loria Financial Planners LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,275 shares of the software giant’s stock, valued at approximately $752,000. Microsoft accounts for about 0.5% of MPS Loria Financial Planners LLC’s holdings, making the stock its 24th biggest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frontier Investment Mgmt Co. boosted its stake in shares of Microsoft by 0.4% in the second quarter. Frontier Investment Mgmt Co. now owns 321,044 shares of the software giant’s stock valued at $22,130,000 after purchasing an additional 1,254 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Microsoft by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 4,182,079 shares of the software giant’s stock valued at $288,271,000 after purchasing an additional 62,294 shares during the period. Intl Fcstone Inc. boosted its stake in shares of Microsoft by 221.0% in the second quarter. Intl Fcstone Inc. now owns 41,018 shares of the software giant’s stock valued at $2,827,000 after purchasing an additional 28,238 shares during the period. Griffin Asset Management Inc. purchased a new position in shares of Microsoft in the second quarter valued at $6,356,000. Finally, Gs Investments Inc. purchased a new position in shares of Microsoft in the second quarter valued at $1,733,000. Institutional investors own 73.33% of the company’s stock.
Several research analysts have recently weighed in on the stock. Credit Suisse Group restated a “buy” rating and issued a $95.00 target price on shares of Microsoft in a research note on Friday, October 27th. Morgan Stanley set a $88.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, October 27th. Tigress Financial restated a “buy” rating on shares of Microsoft in a research note on Tuesday, November 7th. Vetr upgraded shares of Microsoft from a “sell” rating to a “hold” rating and set a $82.07 target price for the company in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada restated a “buy” rating on shares of Microsoft in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.28.
Microsoft (NASDAQ:MSFT) last released 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 business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.93%. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.
In related news, insider Frank H. Brod sold 18,000 shares of the 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated 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 approximately $9,770,516.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock worth $3,759,420. Corporate insiders own 1.49% of the company’s stock.
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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