Gilbert & Cook Inc. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,825 shares of the software giant’s stock after purchasing an additional 957 shares during the quarter. Gilbert & Cook Inc.’s holdings in Microsoft were worth $1,166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mutual Advisors LLC bought a new stake in shares of Microsoft during the 4th quarter worth about $5,386,000. Day & Ennis LLC boosted its holdings in shares of Microsoft by 16.0% during the 4th quarter. Day & Ennis LLC now owns 6,742 shares of the software giant’s stock worth $577,000 after buying an additional 931 shares during the period. Crystal Rock Capital Management boosted its holdings in shares of Microsoft by 18.4% during the 4th quarter. Crystal Rock Capital Management now owns 27,555 shares of the software giant’s stock worth $2,357,000 after buying an additional 4,280 shares during the period. Ibex Wealth Advisors boosted its holdings in shares of Microsoft by 0.7% during the 4th quarter. Ibex Wealth Advisors now owns 105,857 shares of the software giant’s stock worth $9,345,000 after buying an additional 719 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Microsoft by 236.8% during the 4th quarter. Mackenzie Financial Corp now owns 3,732,240 shares of the software giant’s stock worth $319,256,000 after buying an additional 2,624,149 shares during the period. 71.80% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on MSFT. Stifel Nicolaus reaffirmed a “buy” rating and set a $107.00 target price on shares of Microsoft in a report on Wednesday, June 13th. BidaskClub downgraded shares of Microsoft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Oppenheimer set a $127.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, October 1st. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Nomura set a $118.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average price target of $120.08.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. On average, research analysts forecast that Microsoft Co. will post 4.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This is a boost from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.66%. Microsoft’s payout ratio is presently 43.30%.
In other news, insider Jean Philippe Courtois sold 28,941 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total value of $3,154,569.00. Following the completion of the transaction, the insider now directly owns 529,721 shares in the company, valued at approximately $57,739,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the transaction, the executive vice president now owns 109,687 shares of the company’s stock, valued at $11,809,999.29. The disclosure for this sale can be found here. Insiders sold a total of 650,042 shares of company stock valued at $71,264,850 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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.
Featured Article: Why do company’s buyback their stock?
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.