Aspire Private Capital LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Aspire Private Capital LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 20.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,428 shares of the software giant’s stock after buying an additional 1,109 shares during the quarter. Aspire Private Capital LLC’s holdings in Microsoft were worth $1,741,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Danda Trouve Investment Management Inc. raised its stake in shares of Microsoft by 63.8% in the second quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Paradigm Strategies in Wealth Management LLC purchased a new position in shares of Microsoft in the first quarter worth about $67,000. Litman Gregory Asset Management LLC raised its stake in shares of Microsoft by 2,000.0% in the second quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock worth $92,000 after purchasing an additional 880 shares during the last quarter. Strategic Point Investment Advisors LLC purchased a new position in shares of Microsoft in the second quarter worth about $109,000. Finally, Lake Point Wealth Management purchased a new position in Microsoft during the second quarter valued at approximately $162,000. Institutional investors own 69.17% of the company’s stock.

MSFT opened at $294.30 on Tuesday. Microsoft Co. has a 12 month low of $196.38 and a 12 month high of $305.84. The stock has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 36.56, a PEG ratio of 3.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05. The business has a fifty day moving average price of $292.93 and a 200 day moving average price of $266.33.

Microsoft (NASDAQ:MSFT) last released its earnings results on Monday, July 26th. The software giant reported $2.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.25. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The firm had revenue of $46.15 billion during the quarter, compared to analysts’ expectations of $44.30 billion. During the same period in the previous year, the firm posted $1.46 EPS. Microsoft’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, research analysts anticipate that Microsoft Co. will post 8.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be given a dividend of $0.62 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, November 17th. Microsoft’s dividend payout ratio is currently 28.11%.

Several research analysts recently weighed in on MSFT shares. Fundamental Research lifted their price target on Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a research report on Sunday, August 29th. Rosenblatt Securities reissued a “buy” rating and issued a $349.00 price objective on shares of Microsoft in a report on Friday. Cowen raised their price objective on Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Tigress Financial reissued a “buy” rating and issued a $366.00 price objective (up from $303.00) on shares of Microsoft in a report on Friday. Finally, Wolfe Research raised their price objective on Microsoft from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $324.84.

In related news, EVP Kathleen T. Hogan sold 20,000 shares of the company’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $298.68, for a total value of $5,973,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the company’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total value of $18,184,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,573 shares of company stock valued at $50,066,379. Insiders own 0.05% of the company’s stock.

Microsoft Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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