Starfire Investment Advisers Inc. raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,163 shares of the software giant’s stock after acquiring an additional 161 shares during the period. Starfire Investment Advisers Inc.’s holdings in Microsoft were worth $2,108,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.3% in the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock valued at $82,118,218,000 after buying an additional 7,724,483 shares during the period. Northern Trust Corp lifted its stake in shares of Microsoft by 0.4% in the second quarter. Northern Trust Corp now owns 96,567,563 shares of the software giant’s stock valued at $12,936,190,000 after buying an additional 385,074 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Microsoft by 2,651.8% in the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock valued at $9,022,645,000 after buying an additional 64,905,685 shares during the period. Janus Henderson Group PLC lifted its stake in Microsoft by 0.7% during the second quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after purchasing an additional 342,648 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,368,268 shares of the software giant’s stock worth $4,603,974,000 after purchasing an additional 782,124 shares during the period. Institutional investors own 72.19% of the company’s stock.
In other Microsoft news, CAO Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total value of $548,680.00. Following the transaction, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the completion of the transaction, the chief marketing officer now directly owns 119,579 shares in the company, valued at $16,212,520.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 318,757 shares of company stock worth $43,735,918. Insiders own 1.38% of the company’s stock.
MSFT has been the subject of a number of analyst reports. Cowen initiated coverage on shares of Microsoft in a research note on Thursday, July 11th. They set an “outperform” rating and a $150.00 price target for the company. Citigroup raised their price target on shares of Microsoft from $147.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Morgan Stanley set a $155.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank set a $155.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, CIBC raised their price target on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus target price of $151.69.
Shares of Microsoft stock opened at $140.41 on Thursday. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $142.37. The firm has a market cap of $1,065.52 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The firm has a 50 day simple moving average of $138.01 and a 200 day simple moving average of $132.61.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 5.24 EPS for the current year.
Microsoft declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.45%. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.
Microsoft Company Profile
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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