Whalerock Point Partners LLC acquired a new position in Microsoft Corporation (NASDAQ:MSFT) during the third quarter, Holdings Channel reports. The fund acquired 38,205 shares of the software giant’s stock, valued at approximately $2,199,000. Microsoft Corporation comprises 0.9% of Whalerock Point Partners LLC’s investment portfolio, making the stock its 24th largest position.
Other hedge funds also recently bought and sold shares of the company. Peddock Capital Advisors LLC acquired a new stake in Microsoft Corporation during the third quarter valued at approximately $130,000. Windsor Capital Management LLC acquired a new stake in Microsoft Corporation during the third quarter valued at approximately $206,000. Crossvault Capital Management LLC acquired a new stake in Microsoft Corporation during the third quarter valued at approximately $209,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Microsoft Corporation during the third quarter valued at approximately $212,000. Finally, Kissinger Financial Services LLC acquired a new stake in Microsoft Corporation during the third quarter valued at approximately $215,000. 72.29% of the stock is owned by institutional investors.
Microsoft Corporation (NASDAQ:MSFT) opened at 64.57 on Wednesday. Microsoft Corporation has a 12 month low of $48.04 and a 12 month high of $65.91. The stock’s 50 day moving average price is $63.33 and its 200 day moving average price is $60.01. The firm has a market capitalization of $498.97 billion, a P/E ratio of 30.39 and a beta of 1.08.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, January 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. Microsoft Corporation had a net margin of 19.57% and a return on equity of 32.12%. The business earned $26.07 billion during the quarter, compared to analysts’ expectations of $25.13 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Microsoft Corporation will post $2.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, February 14th. Microsoft Corporation’s payout ratio is presently 73.59%.
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MSFT has been the subject of several recent analyst reports. Zacks Investment Research cut Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $59.58 price target for the company. in a report on Tuesday, October 18th. J P Morgan Chase & Co set a $55.00 price target on Microsoft Corporation and gave the company a “neutral” rating in a report on Thursday, October 20th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Microsoft Corporation in a report on Friday, October 21st. Finally, BMO Capital Markets raised their price objective on Microsoft Corporation from $62.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Microsoft Corporation has a consensus rating of “Buy” and an average target price of $67.17.
In related news, insider G Mason Morfit sold 11,000,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $63.32, for a total value of $696,520,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 7,500 shares of the stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $65.35, for a total transaction of $490,125.00. Following the completion of the sale, the insider now owns 114,008 shares of the company’s stock, valued at approximately $7,450,422.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,007,500 shares of company stock valued at $956,330,125. 2.99% of the stock is owned by corporate insiders.
About Microsoft Corporation
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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