Relyea Zuckerberg Hanson LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, Holdings Channel reports. The fund purchased 14,655 shares of the software giant’s stock, valued at approximately $2,311,000. Microsoft makes up about 2.2% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 14th biggest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC increased its holdings in shares of Microsoft by 1.1% during the 4th quarter. Archford Capital Strategies LLC now owns 59,197 shares of the software giant’s stock valued at $9,335,000 after purchasing an additional 652 shares in the last quarter. TPG Financial Advisors LLC increased its holdings in shares of Microsoft by 30.8% during the 4th quarter. TPG Financial Advisors LLC now owns 2,976 shares of the software giant’s stock valued at $469,000 after purchasing an additional 701 shares in the last quarter. Townsend & Associates Inc purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $220,000. Chicago Capital LLC increased its holdings in shares of Microsoft by 0.5% during the 4th quarter. Chicago Capital LLC now owns 104,268 shares of the software giant’s stock valued at $16,443,000 after purchasing an additional 474 shares in the last quarter. Finally, 55I LLC grew its stake in Microsoft by 3.8% in the 4th quarter. 55I LLC now owns 2,300 shares of the software giant’s stock valued at $363,000 after acquiring an additional 84 shares during the period. 71.78% of the stock is owned by institutional investors.
MSFT has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target on shares of Microsoft in a research note on Monday, November 18th. BMO Capital Markets lifted their price target on shares of Microsoft from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI reissued a “buy” rating and issued a $170.00 price target on shares of Microsoft in a research note on Monday, December 16th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $169.00 price target on shares of Microsoft in a research note on Thursday, October 24th. Finally, Cleveland Research reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $165.97.
In other news, EVP Jean Philippe Courtois sold 13,074 shares of Microsoft stock in a transaction on Friday, October 25th. The stock was sold at an average price of $141.00, for a total transaction of $1,843,434.00. Following the transaction, the executive vice president now owns 611,855 shares in the company, valued at approximately $86,271,555. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Margaret L. Johnson sold 35,000 shares of Microsoft stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $150.01, for a total value of $5,250,350.00. Following the transaction, the executive vice president now owns 62,423 shares in the company, valued at approximately $9,364,074.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,919 shares of company stock worth $9,817,790. Insiders own 1.39% of the company’s stock.
Shares of MSFT opened at $163.18 on Thursday. Microsoft Co. has a 52-week low of $102.17 and a 52-week high of $163.94. 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 firm’s fifty day moving average is $156.07 and its two-hundred day moving average is $143.58. The stock has a market cap of $1,236.86 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 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 business had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 5.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.25%. Microsoft’s dividend payout ratio is presently 42.95%.
Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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