Microsoft Corporation (MSFT) Stake Lowered by Scholtz & Company LLC
Scholtz & Company LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,655 shares of the software giant’s stock after selling 5,445 shares during the period. Microsoft comprises approximately 3.7% of Scholtz & Company LLC’s holdings, making the stock its 5th largest holding. Scholtz & Company LLC’s holdings in Microsoft were worth $4,319,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. New Capital Management LP boosted its position in Microsoft by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after purchasing an additional 22 shares in the last quarter. Nottingham Advisors Inc. boosted its position in Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after purchasing an additional 22 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in Microsoft by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after purchasing an additional 23 shares in the last quarter. Carderock Capital Management Inc. boosted its position in Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after purchasing an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. boosted its position in Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (MSFT) opened at $85.23 on Tuesday. 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 has a twelve month low of $61.72 and a twelve month high of $86.20. The company has a market capitalization of $649,259.94, a PE ratio of 24.90, a P/E/G ratio of 1.96 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ 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 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. analysts expect that Microsoft Corporation will post 3.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 57.14%.
Several brokerages have weighed in on MSFT. Vetr downgraded Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a report on Monday. Evercore ISI raised their price target on Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday. UBS set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein set a $100.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $100.00 price target on shares of Microsoft in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $85.28.
In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by company insiders.
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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