First Bank & Trust Buys 360 Shares of Microsoft Corporation (MSFT)
First Bank & Trust grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,256 shares of the software giant’s stock after buying an additional 360 shares during the period. First Bank & Trust’s holdings in Microsoft Corporation were worth $707,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc grew its position in shares of Microsoft Corporation by 17.4% in the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the period. River Wealth Advisors LLC grew its position in shares of Microsoft Corporation by 6.4% in the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares during the period. State of Wisconsin Investment Board grew its position in shares of Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares during the period. JLB & Associates Inc. purchased a new stake in shares of Microsoft Corporation in the second quarter valued at $10,873,000. Finally, Taylor Cottrill Erickson & Associates Inc. grew its position in shares of Microsoft Corporation by 1.4% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after purchasing an additional 900 shares during the period. 73.37% of the stock is owned by institutional investors.
Microsoft Corporation (NASDAQ:MSFT) opened at $83.87 on Monday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $647,022.69, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. equities analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
A number of brokerages have recently commented on MSFT. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. UBS AG set a $105.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC reissued an “overweight” rating and set a $89.00 price target (up previously from $82.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.64.
In other news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 96,763 shares of company stock worth $7,240,712 over the last three months. Company insiders own 1.49% of the company’s stock.
About Microsoft Corporation
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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