Andra AP fonden Cuts Stake in Microsoft Corporation (MSFT)
Andra AP fonden lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,000 shares of the software giant’s stock after selling 7,900 shares during the quarter. Andra AP fonden’s holdings in Microsoft were worth $15,302,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. New Capital Management LP lifted its position 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 purchasing an additional 22 shares in the last quarter. Nottingham Advisors Inc. increased its holdings in Microsoft by 0.4% during 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 during the last quarter. American Economic Planning Group Inc. ADV increased its holdings in Microsoft by 0.5% during 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 during the last quarter. Appropriate Balance Financial Services Inc. increased its holdings in Microsoft by 4.7% during 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 during the last quarter. Finally, Bank of Stockton increased its holdings in Microsoft by 0.3% during the second quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock worth $922,000 after buying an additional 36 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (MSFT) opened at $81.08 on Tuesday. Microsoft Corporation has a fifty-two week low of $59.56 and a fifty-two week high of $86.20. The company has a market cap of $650,031.38, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $23.57 billion. During the same period in the prior year, the company posted $0.76 earnings per share. Microsoft’s revenue was up 11.7% compared to the same quarter last year. equities research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.
In related news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the completion of the transaction, the executive vice president now owns 184,278 shares in the company, valued at $15,376,156.32. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $2,262,720 over the last 90 days. 1.49% of the stock is currently owned by corporate insiders.
A number of equities analysts recently weighed in on MSFT shares. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, August 11th. Credit Suisse Group set a $84.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Evercore ISI restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a report on Friday, August 18th. Finally, UBS restated an “overweight” rating on shares of Microsoft in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.59.
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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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