Ingalls & Snyder LLC Has $24.55 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Ingalls & Snyder LLC lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,174 shares of the software giant’s stock after selling 1,667 shares during the period. Microsoft Corporation makes up about 1.3% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 16th largest holding. Ingalls & Snyder LLC’s holdings in Microsoft Corporation were worth $24,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Doyle Wealth Management acquired a new position in Microsoft Corporation in the first quarter worth about $27,269,000. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of Microsoft Corporation by 16.1% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 11,177 shares of the software giant’s stock valued at $736,000 after purchasing an additional 1,550 shares during the last quarter. Howard Capital Management grew its stake in shares of Microsoft Corporation by 2.9% during the first quarter. Howard Capital Management now owns 331,525 shares of the software giant’s stock valued at $21,834,000 after purchasing an additional 9,324 shares during the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of Microsoft Corporation by 2.7% during the first quarter. Berkshire Asset Management LLC PA now owns 386,044 shares of the software giant’s stock valued at $25,425,000 after purchasing an additional 10,277 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in shares of Microsoft Corporation during the first quarter valued at approximately $259,000. 73.37% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,763 shares of company stock valued at $7,574,552. Company insiders own 1.49% of the company’s stock.

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Several equities research analysts have issued reports on MSFT shares. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price target on the stock in a research note on Monday. Zacks Investment Research downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $100.00 price objective on shares of Microsoft Corporation in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $83.86.

Microsoft Corporation (NASDAQ MSFT) opened at $84.05 on Wednesday. Microsoft Corporation has a 12 month low of $58.31 and a 12 month high of $86.20. The firm has a market capitalization of $647,485.56, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.

Microsoft Corporation (NASDAQ:MSFT) last posted 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. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. equities analysts forecast that Microsoft Corporation will post 3.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is 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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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