IFC Holdings Incorporated FL Acquires 1,807 Shares of Microsoft Co. (MSFT)
IFC Holdings Incorporated FL raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 44,343 shares of the software giant’s stock after purchasing an additional 1,807 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Microsoft were worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in MSFT. Capital Research Global Investors boosted its holdings in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the period. Tiger Global Management LLC boosted its holdings in shares of Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Microsoft by 32.5% during the second quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock valued at $1,319,271,000 after acquiring an additional 4,699,588 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $88.22 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Co. has a 1 year low of $61.95 and a 1 year high of $88.73. The company has a market cap of $680,580.00, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the previous year, the business earned $0.76 earnings per share. Microsoft’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities analysts anticipate that Microsoft Co. will post 3.38 EPS for the current year.
The firm 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 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.
Several equities analysts have recently issued reports on MSFT shares. Morningstar reissued a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Evercore ISI boosted their price target on shares of Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, December 8th. UBS Group set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of Microsoft in a report on Friday, October 27th. Finally, Jefferies Group set a $57.00 price target on shares of Microsoft and gave the company a “sell” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $86.30.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s 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 filing with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.
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Microsoft Company Profile
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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