Kistler Tiffany Companies LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 79.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,713 shares of the software giant’s stock after acquiring an additional 6,531 shares during the period. Kistler Tiffany Companies LLC’s holdings in Microsoft were worth $1,096,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Nwam LLC increased its position in shares of Microsoft by 2.4% in the 1st quarter. Nwam LLC now owns 210,198 shares of the software giant’s stock valued at $13,844,000 after buying an additional 5,012 shares in the last quarter. Alpha Cubed Investments LLC increased its position in shares of Microsoft by 13.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 203,155 shares of the software giant’s stock valued at $13,380,000 after buying an additional 24,460 shares in the last quarter. Henderson Group PLC increased its position in shares of Microsoft by 4.6% in the 1st quarter. Henderson Group PLC now owns 6,931,872 shares of the software giant’s stock valued at $456,602,000 after buying an additional 303,657 shares in the last quarter. HPM Partners LLC increased its position in shares of Microsoft by 293.5% in the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after buying an additional 120,135 shares in the last quarter. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in Microsoft by 8.9% in the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 43,262 shares of the software giant’s stock worth $2,849,000 after purchasing an additional 3,527 shares during the period. Institutional investors own 73.16% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 in the last quarter. 1.49% of the stock is currently owned by company insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. research analysts predict that Microsoft Co. will post 3.38 EPS for the current fiscal year.
The company 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. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.97%. Microsoft’s dividend payout ratio is 57.14%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Tuesday. Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Tuesday. Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research note on Monday, December 11th. Finally, Evercore ISI upped their target price on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $85.87.
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 Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.