Quantbot Technologies LP Invests $3.03 Million in Microsoft Co. (MSFT) Stock
Quantbot Technologies LP bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,215 shares of the software giant’s stock, valued at approximately $3,031,000.
Other large investors have also recently modified their holdings of the company. Ballew Advisors Inc bought a new stake in Microsoft in the first quarter valued at approximately $164,000. AlphaStar Capital Management LLC bought a new stake in Microsoft in the fourth quarter valued at approximately $204,000. Trilogy Capital Inc. bought a new stake in Microsoft in the fourth quarter valued at approximately $207,000. Chartist Inc. CA bought a new stake in Microsoft in the first quarter valued at approximately $207,000. Finally, Francis Financial Inc. bought a new stake in Microsoft in the first quarter valued at approximately $211,000. 72.35% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. Barclays reissued a “buy” rating and set a $117.00 price objective on shares of Microsoft in a research report on Friday, August 10th. Credit Suisse Group reissued a “buy” rating and set a $125.00 price objective on shares of Microsoft in a research report on Tuesday, August 7th. Oppenheimer set a $120.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Tuesday, July 24th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $124.00 price objective on shares of Microsoft in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $118.11.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. equities research analysts predict that Microsoft Co. will post 4.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, August 15th. Microsoft’s payout ratio is 43.30%.
In other Microsoft news, EVP Christopher C. Capossela sold 10,000 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $100.99, for a total value of $1,009,900.00. Following the completion of the sale, the executive vice president now owns 158,601 shares in the company, valued at $16,017,114.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sandra E. Peterson purchased 5,400 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average price of $101.96 per share, with a total value of $550,584.00. Following the purchase, the director now owns 5,400 shares of the company’s stock, valued at $550,584. The disclosure for this purchase can be found here. Insiders have sold 442,880 shares of company stock valued at $48,304,569 in the last 90 days. 1.49% of the stock is currently owned by corporate insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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