Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,854 shares of the software giant’s stock after acquiring an additional 223 shares during the period. Microsoft comprises about 1.0% of Schwarz Dygos Wheeler Investment Advisors LLC’s holdings, making the stock its 29th largest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Microsoft were worth $1,396,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MSFT. Wealthsource Partners LLC lifted its position in shares of Microsoft by 5.0% during the 3rd quarter. Wealthsource Partners LLC now owns 51,337 shares of the software giant’s stock worth $7,137,000 after buying an additional 2,444 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of Microsoft by 4.7% in the third quarter. Miracle Mile Advisors LLC now owns 86,948 shares of the software giant’s stock valued at $12,088,000 after buying an additional 3,915 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Microsoft by 34.6% in the third quarter. Global Retirement Partners LLC now owns 65,133 shares of the software giant’s stock valued at $9,055,000 after buying an additional 16,741 shares during the period. AMI Asset Management Corp boosted its stake in shares of Microsoft by 15.7% in the third quarter. AMI Asset Management Corp now owns 503,586 shares of the software giant’s stock valued at $70,014,000 after buying an additional 68,174 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of Microsoft by 1,170.3% in the third quarter. Penserra Capital Management LLC now owns 58,270 shares of the software giant’s stock valued at $8,098,000 after buying an additional 53,683 shares during the period. 71.78% of the stock is currently owned by institutional investors.
MSFT has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target on shares of Microsoft in a research note on Monday, November 18th. Nomura set a $161.00 price target on Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 15th. Credit Suisse Group boosted their price target on Microsoft from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. Citigroup upped their target price on Microsoft from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank upped their target price on Microsoft from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $165.97.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm had revenue of $33.06 billion during the quarter, compared to the consensus estimate of $32.24 billion. During the same period in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 5.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 20th will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, February 19th. This represents a $2.04 annualized dividend and a yield of 1.24%. Microsoft’s payout ratio is presently 42.95%.
Microsoft declared that its Board of Directors has authorized a share repurchase program on Wednesday, September 18th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the sale, the executive vice president now owns 62,423 shares in the company, valued at $9,364,074.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jean Philippe Courtois sold 13,074 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $141.00, for a total value of $1,843,434.00. Following the sale, the executive vice president now owns 611,855 shares in the company, valued at approximately $86,271,555. The disclosure for this sale can be found here. Insiders have sold 66,919 shares of company stock worth $9,817,790 in the last quarter. 1.39% of the stock is currently owned by corporate insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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