Investment House LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 328,790 shares of the software giant’s stock after purchasing an additional 2,367 shares during the period. Microsoft makes up about 4.6% of Investment House LLC’s portfolio, making the stock its 3rd largest holding. Investment House LLC’s holdings in Microsoft were worth $44,045,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA lifted its holdings in shares of Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after acquiring an additional 140 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $26,000. Asset Planning Services Ltd. bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $116,000. Semmax Financial Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter worth approximately $117,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Microsoft by 10.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,347 shares of the software giant’s stock worth $137,000 after acquiring an additional 125 shares during the period. 72.49% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Frank H. Brod sold 4,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,819 shares of company stock valued at $4,603,450. Corporate insiders own 1.38% of the company’s stock.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 5.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.
MSFT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $155.00 price target on shares of Microsoft in a report on Friday, July 19th. CIBC upped their price target on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Wells Fargo & Co set a $160.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada reiterated a “buy” rating and set a $153.00 price objective on shares of Microsoft in a research report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus price target of $149.21.
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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