CX Institutional raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1,462.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,642 shares of the software giant’s stock after buying an additional 19,321 shares during the period. CX Institutional’s holdings in Microsoft were worth $2,097,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bouchey Financial Group Ltd boosted its position in shares of Microsoft by 10.5% in the fourth quarter. Bouchey Financial Group Ltd now owns 7,084 shares of the software giant’s stock worth $720,000 after purchasing an additional 674 shares during the period. KAMES CAPITAL plc boosted its position in shares of Microsoft by 15.7% in the fourth quarter. KAMES CAPITAL plc now owns 762,529 shares of the software giant’s stock worth $77,511,000 after purchasing an additional 103,619 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Microsoft by 2.0% in the fourth quarter. Spirit of America Management Corp NY now owns 35,959 shares of the software giant’s stock worth $3,652,000 after purchasing an additional 709 shares during the period. Legacy Advisors LLC boosted its position in shares of Microsoft by 1.9% during the fourth quarter. Legacy Advisors LLC now owns 12,393 shares of the software giant’s stock worth $1,259,000 after acquiring an additional 232 shares during the last quarter. Finally, Horan Capital Management boosted its position in shares of Microsoft by 2.0% during the fourth quarter. Horan Capital Management now owns 278,936 shares of the software giant’s stock worth $28,331,000 after acquiring an additional 5,371 shares during the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Microsoft from $127.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Nomura increased their price objective on shares of Microsoft from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $155.00 price objective (up previously from $150.00) on shares of Microsoft in a research report on Thursday. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Stifel Nicolaus reiterated an “in-line” rating and set a $130.00 price objective (up previously from $120.00) on shares of Microsoft in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $132.55.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The company had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 4.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 47.42%.
In other news, CEO Satya Nadella sold 267,466 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now directly owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 28,147 shares of Microsoft stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the completion of the sale, the insider now owns 497,162 shares of the company’s stock, valued at $53,763,098.68. The disclosure for this sale can be found here. Insiders sold a total of 333,667 shares of company stock worth $35,657,016 over the last 90 days. Company insiders own 1.38% of the company’s stock.
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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