Koshinski Asset Management Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,814 shares of the software giant’s stock after purchasing an additional 898 shares during the period. Microsoft makes up about 1.9% of Koshinski Asset Management Inc.’s portfolio, making the stock its 8th biggest holding. Koshinski Asset Management Inc.’s holdings in Microsoft were worth $2,755,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of MSFT. LFA Lugano Financial Advisors SA raised its stake in Microsoft by 274.5% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Microsoft in the 2nd quarter worth $26,000. Centaurus Financial Inc. raised its stake in Microsoft by 21.1% in the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after acquiring an additional 561 shares during the last quarter. Selective Wealth Management Inc. purchased a new position in Microsoft in the 3rd quarter worth $36,000. Finally, Atwater Malick LLC purchased a new position in Microsoft in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
MSFT has been the topic of several analyst reports. Argus increased their price target on Microsoft to $158.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James increased their price target on Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 19th. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Friday, October 25th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $158.00 price target on shares of Microsoft in a research report on Friday, October 25th. Finally, Nomura set a $161.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $159.45.
NASDAQ:MSFT opened at $145.96 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average price is $139.85 and its 200-day moving average price is $135.04. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $145.99. The stock has a market capitalization of $1,102.06 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. Sell-side analysts expect that Microsoft Co. will post 5.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s payout ratio is presently 38.74%.
Microsoft announced that its board has approved a stock buyback plan on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, CMO Christopher C. Capossela sold 7,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the sale, the chief marketing officer now owns 122,817 shares of the company’s stock, valued at approximately $16,967,168.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 99,837 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the sale, the chief executive officer now directly owns 1,124,339 shares in the company, valued at approximately $154,259,310.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 339,804 shares of company stock worth $46,790,619. Corporate insiders own 1.39% of the company’s stock.
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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