Massey Quick Simon & CO. LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 56.2% in the third quarter, HoldingsChannel reports. The firm owned 39,149 shares of the software giant’s stock after buying an additional 14,089 shares during the quarter. Microsoft makes up approximately 1.1% of Massey Quick Simon & CO. LLC’s holdings, making the stock its 18th biggest holding. Massey Quick Simon & CO. LLC’s holdings in Microsoft were worth $2,916,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MSFT. Nottingham Advisors Inc. grew its holdings in Microsoft by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the period. Carderock Capital Management Inc. grew its holdings in Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after buying an additional 26 shares during the period. AlphaMark Advisors LLC grew its holdings in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after buying an additional 30 shares during the period. Bank of Stockton grew its holdings in Microsoft by 0.3% in the 2nd quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock valued at $922,000 after buying an additional 36 shares during the period. Finally, Simonbaker & Partners LLC grew its holdings in Microsoft by 0.4% in the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock valued at $783,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Microsoft Co. (MSFT) opened at $89.83 on Wednesday. The company has a market capitalization of $693,000.00, a P/E ratio of 61.11, a P/E/G ratio of 2.05 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 Co. has a 52-week low of $63.62 and a 52-week high of $96.07.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. analysts predict that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 114.29%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred 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. Insiders own 1.49% of the company’s stock.

Several analysts have commented on the company. Vetr upgraded Microsoft from a “buy” rating to a “strong-buy” rating and set a $95.92 price target for the company in a report on Monday. Goldman Sachs Group set a $103.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. UBS Group set a $110.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. Argus lifted their price target on Microsoft from $95.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $107.00 price target (up previously from $100.00) on shares of Microsoft in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.14.

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Microsoft 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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