Microsoft Corporation (MSFT) Position Reduced by ST Germain D J Co. Inc.
ST Germain D J Co. Inc. cut its holdings in Microsoft Corporation (NASDAQ:MSFT) by 34.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,878 shares of the software giant’s stock after selling 18,052 shares during the period. ST Germain D J Co. Inc.’s holdings in Microsoft Corporation were worth $2,404,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hefty Wealth Partners lifted its stake in Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. lifted its stake in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation during the first quarter worth $132,000. Opera Trading Capital lifted its stake in Microsoft Corporation by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its stake in Microsoft Corporation by 3.6% during the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.
In related news, 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 owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,763 shares of company stock valued at $7,240,712. 1.49% of the stock is owned by insiders.
MSFT has been the topic of a number of research reports. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a research note on Monday, October 16th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $83.02.
Shares of Microsoft Corporation (MSFT) opened at $84.47 on Tuesday. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The firm has a market cap of $649,105.63, a PE ratio of 24.89, a PEG ratio of 1.97 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. research analysts expect that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.99%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
Microsoft Corporation 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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.