McQueen Ball & Associates Inc. Acquires 874 Shares of Microsoft Corporation (MSFT)

McQueen Ball & Associates Inc. raised its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,054 shares of the software giant’s stock after purchasing an additional 874 shares during the quarter. McQueen Ball & Associates Inc.’s holdings in Microsoft were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. New Capital Management LP lifted its holdings in shares of Microsoft by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares in the last quarter. Nottingham Advisors Inc. lifted its holdings in shares of Microsoft by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares in the last quarter. American Economic Planning Group Inc. ADV lifted its holdings in shares of Microsoft by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares in the last quarter. Carderock Capital Management Inc. lifted its holdings in shares of Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after buying an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. lifted its holdings in shares of Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 185,278 shares in the company, valued at $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last quarter. Company insiders own 1.49% of the company’s stock.

Microsoft Corporation (NASDAQ MSFT) opened at $86.38 on Tuesday. Microsoft Corporation has a 52-week low of $61.95 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The company has a market cap of $670,012.13, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts predict that Microsoft Corporation will post 3.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is currently 57.14%.

A number of equities research analysts have recently issued reports on MSFT shares. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar reissued a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft in a report on Thursday, August 31st. UBS set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. Two 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. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $85.28.

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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