Lockheed Martin Investment Management Co. increased its position in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,505 shares of the software giant’s stock after purchasing an additional 8,000 shares during the period. Microsoft accounts for 0.7% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 27th biggest position. Lockheed Martin Investment Management Co.’s holdings in Microsoft were worth $12,701,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its holdings in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its holdings in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares in the last quarter. Finally, Ruggie Capital Group boosted its holdings in Microsoft by 1,165.9% in the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after acquiring an additional 2,600 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Shares of Microsoft Co. (MSFT) opened at $90.81 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. The company has a market capitalization of $700,560.00, a PE ratio of 61.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. Microsoft Co. has a 1 year low of $63.62 and a 1 year high of $96.07.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 113.51%.

In related news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

Several equities research analysts have commented on MSFT shares. Royal Bank of Canada set a $85.00 target price on Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 target price on Microsoft and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus boosted their target price on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and issued a $94.00 target price on shares of Microsoft in a report on Friday, October 27th. Finally, Barclays reissued an “overweight” rating and issued a $89.00 target price (up from $82.00) on shares of Microsoft in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given 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 a consensus rating of “Buy” and an average price target of $99.14.

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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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