Wrapmanager Inc. Invests $678,000 in Microsoft Co. (MSFT)

Wrapmanager Inc. bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,100 shares of the software giant’s stock, valued at approximately $678,000.

Several other institutional investors have also recently bought and sold shares of MSFT. Vanguard Group Inc. raised its stake in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Capital Research Global Investors raised its stake in Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC raised its stake in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Legal & General Group Plc raised its stake in Microsoft by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock valued at $2,597,786,000 after acquiring an additional 425,485 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Microsoft by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock valued at $2,041,878,000 after acquiring an additional 657,294 shares during the last quarter. 73.22% of the stock is owned by institutional investors and hedge funds.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,000 shares of company stock worth $2,498,220. Corporate insiders own 1.49% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $94.20 target price for the company. in a research note on Tuesday. Argus increased their target price on Microsoft from $95.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Monday. Nomura increased their target price on Microsoft from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $99.09.

Microsoft Co. (NASDAQ:MSFT) opened at $89.42 on Thursday. Microsoft Co. has a 52 week low of $63.32 and a 52 week high of $96.07. The firm has a market capitalization of $691,300.00, a price-to-earnings ratio of 60.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts expect that Microsoft Co. will post 3.62 earnings per share for the current 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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 114.29%.

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About Microsoft

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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