EdgeRock Capital LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,038 shares of the software giant’s stock, valued at approximately $780,000. Microsoft comprises approximately 0.5% of EdgeRock Capital LLC’s investment portfolio, making the stock its 17th largest holding.
Several other large investors also recently bought and sold shares of MSFT. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after purchasing an additional 5,648,095 shares during the last quarter. Swiss National Bank grew its holdings in Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares during the last quarter. Jennison Associates LLC grew its holdings in Microsoft by 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after purchasing an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after acquiring an additional 2,038,237 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Insider Buying and Selling at Microsoft
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.
Analyst Ratings Changes
A number of research firms recently commented on MSFT. Evercore ISI decreased their price objective on Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Wolfe Research decreased their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. BMO Capital Markets decreased their price objective on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Itaú Unibanco began coverage on Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Finally, Oppenheimer decreased their price objective on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $300.64.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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