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.
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%.
WARNING: This piece was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2018/02/08/wrapmanager-inc-invests-678000-in-microsoft-co-msft.html.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.