Zevin Asset Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 20.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,792 shares of the software giant’s stock after buying an additional 1,316 shares during the period. Zevin Asset Management LLC’s holdings in Microsoft were worth $580,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Acrospire Investment Management LLC raised its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares in the last quarter. Finally, Ruggie Capital Group raised its holdings in shares of Microsoft by 1,165.9% in the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after buying an additional 2,600 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $88.35 on Wednesday. Microsoft Co. has a 12 month low of $62.03 and a 12 month high of $90.79. The stock has a market capitalization of $681,580.00, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is 56.76%.
A number of equities research analysts recently weighed in on MSFT shares. Morningstar reaffirmed a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Evercore ISI raised their price target on Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, December 8th. UBS Group set a $105.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. Finally, Oppenheimer raised their price target on Microsoft to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. 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 company. The company presently has a consensus rating of “Buy” and a consensus price target of $86.97.
In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 in the last three months. Company insiders own 1.49% of the company’s stock.
Microsoft 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.
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