Microsoft Co. (MSFT) Shares Bought by Rehmann Capital Advisory Group
Rehmann Capital Advisory Group raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 8.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,942 shares of the software giant’s stock after buying an additional 3,747 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Microsoft were worth $3,571,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. River Wealth Advisors LLC grew its holdings in shares of Microsoft by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after purchasing an additional 1,517 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Microsoft by 17.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares in the last quarter. One Capital Management LLC grew its holdings in shares of Microsoft by 5.0% during the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after purchasing an additional 2,675 shares in the last quarter. JLB & Associates Inc. acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $10,873,000. Finally, First National Bank Sioux Falls grew its holdings in shares of Microsoft by 9.6% during the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 1,365 shares in the last quarter. 73.16% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on MSFT shares. KeyCorp reissued a “buy” rating and set a $82.00 price objective on shares of Microsoft in a report on Sunday, September 10th. Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $74.32 price objective on the stock. in a report on Tuesday, September 12th. Canaccord Genuity reissued a “hold” rating and set a $76.00 price objective on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada set a $77.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.90.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock valued at $3,759,420. Corporate insiders own 1.49% of the company’s stock.
Microsoft Co. (MSFT) opened at $88.19 on Friday. 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 52-week low of $61.95 and a 52-week high of $88.41. The stock has a market capitalization of $688,780.00, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts expect that Microsoft Co. will post 3.38 earnings per share for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.90%. Microsoft’s payout ratio is 56.76%.
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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